Cambridge Bancorp (CATC) to Issue Quarterly Dividend of $0.67 on May 23rd

Cambridge Bancorp (NASDAQ:CATC) announced a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders of record on Thursday, May 9th will be given a dividend of 0.67 per share by the bank on Thursday, May 23rd. This represents a $2.68 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Wednesday, May 8th.

Cambridge Bancorp has raised its dividend payment by an average of 8.1% annually over the last three years and has raised its dividend annually for the last 25 consecutive years. Cambridge Bancorp has a dividend payout ratio of 42.9% indicating that its dividend is sufficiently covered by earnings.

Cambridge Bancorp Price Performance

Cambridge Bancorp stock opened at $66.77 on Monday. The stock has a market cap of $524.14 million, a PE ratio of 18.39 and a beta of 0.60. The stock’s fifty day moving average is $63.98 and its two-hundred day moving average is $64.07. Cambridge Bancorp has a 1-year low of $44.62 and a 1-year high of $73.68.

Insider Activity

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $65.73, for a total transaction of $241,163.37. Following the sale, the director now owns 10,708 shares of the company’s stock, valued at $703,836.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.50% of the company’s stock.

Cambridge Bancorp Company Profile

Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that engages in the provision of commercial and consumer banking, and investment management and trust services. The company accepts various deposits, such as checking, savings, money market, trust, and individual retirement accounts, as well as time and demand deposits, and certificates of deposit.