Cambridge Bancorp (NASDAQ:CATC) Declares Quarterly Dividend of $0.67

Cambridge Bancorp (NASDAQ:CATC) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders 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 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Wednesday, May 8th.

Cambridge Bancorp has raised its dividend 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 payout ratio of 42.9% meaning its dividend is sufficiently covered by earnings.

Cambridge Bancorp Price Performance

Shares of CATC opened at $66.80 on Tuesday. The company has a market capitalization of $524.38 million, a P/E ratio of 18.40 and a beta of 0.60. Cambridge Bancorp has a one year low of $46.60 and a one year high of $73.68. The business’s 50 day simple moving average is $64.07 and its 200-day simple moving average is $64.12.

Insider Activity

In other Cambridge Bancorp news, Director Robert Gregg Stone III sold 3,669 shares of the stock in a transaction dated 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 approximately $703,836.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

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.