Cambridge Bancorp (CATC) Raises Quarterly Dividend 10.9% to $0.61; 3% Yield
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Cambridge Bancorp Announces First Quarter 2021 Earnings and Increases Quarterly Dividend by 11%
April 21, 2021 8:00 AM EDTCAMBRIDGE, Mass., April 21, 2021 /PRNewswire/ -- Cambridge Bancorp (NASDAQ: CATC) (the "Company"), the parent company of Cambridge Trust Company (the "Bank"), today announced unaudited net income of $13,499,000 for the quarter ended March 31, 2021, an increase of $485,000, or 3.7%, as compared to net income of $13,014,000 for the quarter ended December 31, 2020. Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 3.4% increase over diluted earnings per share of $1.86 for the quarter ended December 31, 2020.
