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CAMDEN, Maine - Camden National Corporation (NASDAQ:CAC) announced today that its board of directors has declared a quarterly dividend of $0.42 per share, payable on July 31, 2025, to shareholders of record as of July 15, 2025. According to InvestingPro data, the company has maintained dividend payments for 29 consecutive years, demonstrating a strong commitment to shareholder returns.
The quarterly payout represents an annualized dividend yield of 4.23% based on the company’s closing stock price of $39.72 per share on June 23, according to the bank holding company’s press release statement. InvestingPro analysis suggests the stock is currently fairly valued, with analyst price targets ranging from $44 to $53 per share.
Camden National Corporation serves as Northern New England’s largest publicly traded bank holding company with $7.0 billion in assets. The company operates 72 banking centers across Maine and New Hampshire.
Founded in 1875, Camden National Bank provides digital banking services alongside traditional banking operations and wealth management services through its Camden National Wealth Management division.
The dividend announcement comes as part of the company’s regular quarterly financial activities. Camden National Corporation trades on the NASDAQ exchange under the ticker symbol CAC.
In other recent news, Camden National Corporation reported its Q1 2025 earnings, showcasing a strong revenue performance with $60.05 million, surpassing the forecast of $57.63 million. However, the company’s earnings per share (EPS) slightly missed analyst expectations, coming in at $0.95 compared to the anticipated $0.98. Camden National successfully completed the integration of Northway Financial, which expanded its operations and added 28,000 new customers. This strategic move is expected to bring cost savings in the coming quarters. Analysts have noted the company’s improved core net interest margin, indicating enhanced profitability. The firm anticipates low single-digit loan growth and expects fee income to range between $12.5 million and $13 million. Camden National’s management expressed confidence in their ability to maintain consistent results despite economic uncertainties. The company is poised to benefit from cost savings and expanded capabilities following the merger.
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