Camden National Corporation (CAC) will raise its quarterly dividend by 20 percent to $0.30 per share in Q2 of 2018.
This marks the 6th consecutive year of dividend increases for the bank holding company.

The next dividend is payable on July 31, 2018 to shareholders of record on July 13, 2018. The new $1.20 per share annual dividend translates into a yield of 2.6% for CAC.

"We continue to generate capital through solid quarterly performance and benefits of recent tax reform," said Dufour. "Our capital strength has allowed us to return more capital to shareholders through a 20% increase in our quarterly dividend rate to $0.30 per share."

Camden National Corporation is the holding company of Camden National Bank, a diversified financial services provider. The Company, through the Bank, offers commercial and consumer banking products and services, and through Camden Financial Consultants and Camden National Wealth Management, divisions of the Bank, brokerage and insurance services, as well as investment management and fiduciary services.