Camden National Corporation announced that the board of directors of the company increased the quarterly dividend by $0.03 to $0.23 per share. The $0.23 per share dividend is a 15% increase from the $0.20 per share dividend declared in the third quarter of 2016 and the same period a year ago. The dividend is payable on January 31, 2017, for shareholders of record on January 17, 2017.