CAMDEN, Maine, Dec. 20, 2016 /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 the
quarterly dividend by $0.03 to
$0.23 per share.
"The ability to increase dividends 15% is the result of the
financial benefits of our acquisition of SBM Financial, Inc. and
demonstrates our ability to execute and deliver on our
commitments," said Dufour. "We've complemented both the
financial performance and dividend with our recent 3-for-2 stock
split in September as strategies to reward our shareholders."
The $0.23 per share dividend is a
15% increase from the $0.20 per share
dividend declared in the third quarter of 2016 and the same period
a year ago. The dividend is payable on January 31, 2017, for shareholders of record on
January 17, 2017.
About Camden National Corporation
Camden National Corporation (NASDAQ: CAC) is the holding company
of Camden National Bank.
Headquartered in Camden, Maine,
the Company had approximately $3.9
billion in assets as of September 30,
2016 and is the largest publicly traded bank holding company
in Northern New England. Camden National
Bank, a leading financial services company offering
financial products for consumers, businesses and wealth management
clients, is a full-service community bank that employs over 650
people, features a network of 61 banking centers and 84 ATMs in
Maine. The bank offers state-of-the-art online and mobile
banking resources as well as comprehensive wealth management, and
investment, insurance and financial planning services through
Camden National Wealth Management and Camden Financial Consultants.
To learn more, visit www.CamdenNational.com.
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SOURCE Camden National Corporation