Cambridge Bancorp As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
CATC $2.68 4.7% 4.9% 15.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Regional Bank 3.4% 22 6.0% Quarter 2011

On January 24, 2023, Cambridge Bancorp (CATC) announced that it will raise its quarterly dividend by 4.7 percent to $0.67 per share. This marks 22 consecutive years of dividend growth by CATC. The dividend yield is 3.1% at a stock price of $77.89. The next ex-dividend date for CATC is February 8, 2023.

On January 23, 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.67 per share, which is payable on February 23, 2023, to shareholders of record as of the close of business on February 9, 2023. This represents an increase of $0.03, or 5%, as compared to the $0.64 dividend paid in the fourth fiscal quarter of 2022. The Company did not repurchase any shares under its previously announced share repurchase program during the three and twelve months ended December 31, 2022. Last year CATC hiked the dividend by 4.9%.

"I am pleased with how we managed through 2022, which proved to be a challenging period of volatility in equity markets and interest rates. While we see evidence of an economic slowdown in 2023, we feel well prepared with continued strength in asset quality and capital levels. I am also pleased to announce a 5% increase to the Company's dividend," noted Denis K. Sheahan, Chairman, President and CEO.

Cambridge Bancorp (CATC) Dividend history & statistics
Company name Cambridge Bancorp
Ticker symbol CATC
ISIN-code US1321521098
company website https://www.cambridgetrust.com/
Sector Financials
Business Regional Bank
Dividend paid since 2011
Track record (years increased) 22
Payment Frequency Quarterly dividend
Dividend growth: 5 year average 6.0%
Next dividend per share $0.670
Annual dividend per share $2.68
Dividend yield* 3.1%
Stock price* $77.95
YTD Total Return* 0.4%
Next ex-dividend date February 8, 2023
Next payment date February 23, 2023
Market cap (in $B)* 0.61
Total dividend (in $B) 0.02
© www.dividendhike.com *As of January 24, 2023

Cambridge Bancorp is a bank holding company. The company's segment is community banking business, which consists of commercial banking, consumer banking, and trust and investment management services. Cambridge Bancorp, the parent company of Cambridge Trust Company, is based in Cambridge, Massachusetts. Cambridge Trust Company is a 132-year-old Massachusetts chartered commercial bank with approximately $5.6 billion in assets at December 31, 2022, and a total of 22 Massachusetts and New Hampshire locations. Cambridge Trust Company is one of New England's leaders in private banking and wealth management with $4.1 billion in client assets under management and administration at December 31, 2022. The Wealth Management group maintains offices in Boston and Wellesley, Massachusetts and Concord, Manchester, and Portsmouth, New Hampshire.

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Ex-date Ticker Yield YTD hike
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%