Cambridge Bancorp Announces Increase in Quarterly Dividend
CAMBRIDGE, Mass., Aug 19, 2008 (BUSINESS WIRE) -- Cambridge Bancorp (OTCBB: CATC) announced that its Board of Directors has approved a 6.5 percent increase in its quarterly dividend from $0.31 per share to $0.33 per share. The dividend is payable October 1, 2008 to shareholders of record as of September 2, 2008.
Cambridge Bancorp and its subsidiary, Cambridge Trust Company, are based in Cambridge, Massachusetts, in the heart of Harvard Square. Cambridge Trust Company is a 117-year-old Massachusetts chartered commercial bank with $894 million in total assets and nine Massachusetts locations in Cambridge, Concord, Lincoln, Weston, and Beacon Hill. Cambridge Trust Company is one of New England's leaders in wealth management with $1.5 billion in client assets under management. In addition, Cambridge Trust Company of New Hampshire offers wealth management services at two New Hampshire locations, Concord and Exeter.