Cambridge Bancorp (CATC) Raises Quarterly Dividend 10.9% to $0.61; 3% Yield

Cambridge Bancorp (NASDAQ: CATC) declared a quarterly dividend of $0.61 per share, or $2.44 annualized. This is a 10.9% increase from the prior dividend of $0.55.

The dividend will be payable on May 20, 2021, to stockholders of record on May 6, 2021, with an ex-dividend date of May 5, 2021.

The annual yield on the dividend is 3 percent.

"The Cambridge Trust team continued to deliver support for our clients and our communities including participating in the second round of the PPP" noted Denis K. Sheahan, Chairman and CEO. "Financial performance in the first quarter remained strong and I am pleased to see strength in deposit growth, loan asset quality, and new business pipelines. I am also pleased to report a significant increase of 11% in the Company's quarterly common stock dividend."

For a dividend history and other dividend-related data on Cambridge Bancorp (CATC) click here.

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