8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 OR 15(d) of
                       The Securities Exchange Act of 1934


       Date of Report (Date of earliest event reported): December 28, 2004



                           CAMDEN NATIONAL CORPORATION
               (Exact name of Registrant as specified in charter)




              MAINE                   01-28190                  01-0413282
    (State or other jurisdiction    (Commission               (IRS employer
          of incorporation)         File Number)            Identification No.)




          Two Elm Street, Camden, Maine                           04843
       (Address of principal executive offices)                 (Zip Code)


                                 (207) 236-8821
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):


[  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure

Camden National Corporation issued a press release on December 28, 2004,
which is attached as Exhibit 99.1, declaring a special cash dividend of $0.50
per share in addition to its quarterly dividend of $0.20 per share payable on
January 31, 2005 for shareholders of record on January 14, 2005.


Item 9.01 - Financial Statements and Exhibits


            (c)        Exhibits.

                       99.1        Dividend announcement press release


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be filed on its behalf by
the undersigned thereunto duly authorized.

        CAMDEN NATIONAL CORPORATION



      By:    /s/ Gregory A. Dufour                       Date: December 28, 2004
            -----------------------------------
            Gregory A. Dufour
            Chief Banking Officer and Principal
            Financial & Accounting Officer

EX-99.1

Exhibit 99.1

Camden National Corporation Announces Regular and Special Cash Dividends

    CAMDEN, Maine--(BUSINESS WIRE)--Dec. 28, 2004--Camden National
Corporation (Amex: CAC; the "Company"), announced today that its Board
of Directors has declared a special cash dividend of $0.50 per share
together with its quarterly dividend of $0.20 per share payable to
shareholders of record on January 14, 2005. The dividend, totaling
$0.70 per share, will be payable on January 31, 2005.
    Robert W. Daigle, President and CEO of Camden National
Corporation, said, "Our balance sheet and cash flow remain healthy and
we are confident that the Company is well positioned to perform at
levels that have made it a market leader within the State of Maine.
The decision to declare a special dividend, in addition to our regular
dividend, is a reflection of that confidence."

    Camden National Corporation, headquartered in Camden, Maine and
listed on the American Stock Exchange, the Russell 3000(R) Index and
the small-cap Russell 2000(R) Index under the symbol CAC, is the
holding company for a family of three financial services companies,
including: Camden National Bank (CNB), a full-service community bank
with 12 banking offices serving Midcoast, Kennebunk and Portland,
Maine, and online at www.camdennational.com, and recipient of the
Governor's Award for Business Excellence in 2002; UnitedKingfield Bank
(UKB), a full-service community bank with 15 offices serving central,
eastern and western Maine and online at www.unitedkingfield.com; and
Acadia Trust, N.A., offering investment management and fiduciary
services with offices in Portland and Bangor, Maine and online at
www.acadiatrust.com. In addition, Acadia Financial Consultants
operates as a division of CNB and UKB, to offer full-service brokerage
services.

    This press release and the documents incorporated by reference
herein contain certain statements that may be considered
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be identified by
the use of the words "believe," "expect," "anticipate," "intend,"
"estimate," "assume," "will," "should," and other expressions which
predict or indicate future events or trends and which do not relate to
historical matters. Forward-looking statements should not be relied
on, because they involve known and unknown risks, uncertainties and
other factors, some of which are beyond the control of the Company.
These risks, uncertainties and other factors may cause the actual
results, performance or achievements of the Company to be materially
different from the anticipated future results, performance or
achievements expressed or implied by the forward-looking statements.

    CONTACT: Camden National Corporation
             Suzanne Brightbill, 207-230-2120
             Public Relations Officer
             sbrightbill@camdennational.com