Camden National (CAC) Raises Quarterly Dividend 8.7% to $0.25, 2.3% Yield; Provides Outlook on Tax-Bill Impact
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Camden National Corporation Announces a 9% Increase in its Fourth Quarter 2017 Dividend; Provides Initial Estimate of Tax Bill Impact
December 19, 2017 4:15 PM ESTCAMDEN, Maine, Dec. 19, 2017 /PRNewswire/ -- Gregory A. Dufour, president and chief executive officer of Camden National Corporation (NASDAQ®: CAC; the "Company") announced today that the board of directors of the Company increased its fourth quarter 2017 dividend by $0.02 per share, or 9%, to $0.25 per share. The dividend is payable on January 31, 2018 to shareholders of record on January 15, 2018.
"Our strong financial performance has resulted in a solid capital base which allows for a 9% increase in our quarterly dividend rate and provides flexibility in the future," said Dufour. "We believe that our capital is also sufficient to... More
