Camden National (CAC) Approves 775K Share Buyback Plan
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Camden National Corporation Announces Stock Repurchase Plan
January 22, 2019 8:20 AM ESTCAMDEN, Maine, Jan. 22, 2019 /PRNewswire/ -- Camden National Corporation (NASDAQ: CAC; the "Company") has announced that its board of directors has approved a stock repurchase plan. The plan authorizes the purchase of up to 775,000 shares of the Company's common stock, representing approximately 5 percent of the Company's issued and outstanding shares of common stock as of September 30, 2018.
"The board of directors has authorized this stock repurchase plan based on the strength of the Company's balance sheet and capital position. We believe a share repurchase plan is an important tool that can be utilized to enhance long term... More
