Camden National Corporation Announces a 5% Increase in its Fourth Quarter 2022 Dividend

CAMDEN, Maine. Dec. 20, 2022. /PRNewswire/ -- Gregory A. Dufour is the president and chief executive of Camden National Corporation (NASDAQ(r),: CAC; "Company")) today announced that the Board of Directors of the Company has declared $0.42 per share, an increment of $0.02 per share or 5%. Based on the closing price of Company's common stock at 40.95 per share reported by NASDAQ, this quarterly dividend yield is 4.10%. Dufour stated, "We are happy to announce a 5 percent increase in our dividend for shareholders." "Over the last ten years, our cash dividend has increased from $0.67 per common share to $1.68 per year on an annualized basis. This is a 151% increase. Camden National Corporation, the largest publicly traded bank holding firm in Northern New England, has $5.6 billion in assets with approximately 620 employees. Camden National Bank is its subsidiary. It is a full-service community banking institution that was established in Camden, Maine in 1875. The bank is committed to helping customers at all stages of their financial journey. It offers digital banking and personalized service. Independent research firm Greenwich Associates has named Camden National Bank a Customer Experience Leader (CX) for the last three years. It received awards in U.S. Retail Banking, and U.S. Commercial Small Business in 2021. The bank was also included in the Best Places to work in Maine for the second consecutive year. Camden National Wealth Management provides comprehensive wealth management, investment, and financial planning services. SOURCE Camden National Corporation