Cambridge Bancorp operates as the bank holding company for Cambridge Trust Company that provides 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; and time and demand deposits, and certificates of deposit. Its loan products include residential and commercial real estate loans; home equity lines of credit and term loans; commercial and industrial loans; secured and unsecured loans, lines of credit, and personal installment loans; and construction loans. The company also offers cash management, online and mobile banking, and payments services. It serves commercial enterprises, non-profit organizations, and individuals. The company operates through a network of 19 banking offices in Eastern Massachusetts and New Hampshire; and two wealth management offices located in Massachusetts, as well as three wealth management offices located in New Hampshire. Cambridge Bancorp was founded in 1890 and is headquartered in Cambridge, Massachusetts.
Cambridge Bancorp Dividend Announcement
• Cambridge Bancorp announced a quarterly dividend of $0.67 per ordinary share which will be made payable on 2024-05-23. Ex dividend date: 2024-05-08
• Cambridge Bancorp annual dividend for 2024 was $1.34
• Cambridge Bancorp annual dividend for 2023 was $2.68
• Cambridge Bancorp's trailing twelve-month (TTM) dividend yield is 0.61%
• Cambridge Bancorp's payout ratio for the trailing twelve months (TTM) is 73.54%
• Cambridge Bancorp's dividend growth over the last five years (2018-2023) was 6.46% year
• Cambridge Bancorp's dividend growth over the last ten years (2013-2023) was 5.36% year
Cambridge Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-08 | $0.67 | quarterly | 2024-05-23 |
2024-02-07 | $0.67 | quarterly | 2024-02-22 |
2023-11-01 | $0.67 | quarterly | 2023-11-16 |
2023-08-02 | $0.67 | quarterly | 2023-08-17 |
2023-05-10 | $0.67 | quarterly | 2023-05-25 |
2023-02-08 | $0.67 | quarterly | 2023-02-23 |
2022-11-02 | $0.64 | quarterly | 2022-11-17 |
2022-08-03 | $0.64 | quarterly | 2022-08-18 |
2022-05-04 | $0.64 | quarterly | 2022-05-19 |
2022-02-09 | $0.64 | quarterly | 2022-02-24 |
2021-11-03 | $0.61 | quarterly | 2021-11-18 |
2021-08-04 | $0.61 | quarterly | 2021-08-19 |
2021-05-05 | $0.61 | quarterly | 2021-05-20 |
2021-02-10 | $0.55 | quarterly | 2021-02-25 |
2020-11-04 | $0.53 | quarterly | 2020-11-19 |
2020-08-12 | $0.53 | quarterly | 2020-08-27 |
2020-05-06 | $0.53 | quarterly | 2020-05-21 |
2020-02-05 | $0.53 | quarterly | 2020-02-20 |
2019-11-06 | $0.51 | quarterly | 2019-11-21 |
2019-07-31 | $0.51 | quarterly | 2019-08-15 |
2019-05-01 | $0.51 | quarterly | 2019-05-16 |
2019-02-06 | $0.51 | quarterly | 2019-02-21 |
2018-10-31 | $0.50 | quarterly | 2018-11-15 |
2018-08-01 | $0.50 | quarterly | 2018-08-16 |
2018-05-02 | $0.48 | quarterly | 2018-05-17 |
2018-02-07 | $0.48 | quarterly | 2018-02-22 |
2017-11-01 | $0.47 | quarterly | 2017-11-16 |
2017-08-01 | $0.47 | quarterly | 2017-08-17 |
2017-06-07 | $0.46 | quarterly | 2017-06-30 |
2017-03-08 | $0.46 | quarterly | 2017-03-30 |
2016-12-07 | $0.46 | quarterly | 2016-12-30 |
2016-09-07 | $0.46 | quarterly | 2016-09-30 |
2016-06-08 | $0.46 | quarterly | 2016-06-30 |
2016-03-08 | $0.46 | quarterly | 2016-03-30 |
2015-12-08 | $0.45 | quarterly | 2015-12-30 |
2015-09-08 | $0.45 | quarterly | 2015-09-30 |
2015-06-08 | $0.45 | quarterly | 2015-06-30 |
2015-03-06 | $0.45 | quarterly | 2015-03-30 |
2014-12-08 | $0.42 | quarterly | 2014-12-30 |
2014-09-08 | $0.42 | quarterly | 2014-09-30 |
2014-06-06 | $0.42 | quarterly | 2014-06-30 |
2014-03-06 | $0.42 | quarterly | 2014-03-31 |
2013-12-06 | $0.42 | quarterly | 2013-12-30 |
2013-09-06 | $0.39 | quarterly | 2013-09-30 |
2013-06-06 | $0.39 | quarterly | 2013-06-28 |
2013-03-07 | $0.39 | quarterly | 2013-03-29 |
Cambridge Bancorp Dividend per year
Cambridge Bancorp Dividend growth
Cambridge Bancorp Dividend Yield
Cambridge Bancorp current trailing twelve-month (TTM) dividend yield is 0.61%. Interested in purchasing Cambridge Bancorp stock? Use our calculator to estimate your expected dividend yield:
Cambridge Bancorp Financial Ratios
Cambridge Bancorp Dividend FAQ
Other factors to consider when evaluating Cambridge Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Cambridge Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cambridge Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cambridge Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cambridge Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Cambridge Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cambridge Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cambridge Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Cambridge Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cambridge Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.