Norwood Financial Corp. to Issue Quarterly Dividend of $0.30 (NASDAQ:NWFL)

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Wednesday, June 26th, Zacks reports. Investors of record on Monday, July 15th will be given a dividend of 0.30 per share by the financial services provider on Thursday, August 1st. This represents a $1.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Monday, July 15th.

Norwood Financial has raised its dividend payment by an average of 5.1% annually over the last three years and has raised its dividend every year for the last 6 years.

Norwood Financial Stock Up 3.4 %

Shares of Norwood Financial stock opened at $24.98 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The firm has a market cap of $202.34 million, a P/E ratio of 13.08 and a beta of 0.67. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50. The business has a 50-day moving average price of $24.76 and a 200 day moving average price of $27.00.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings data on Monday, April 22nd. The financial services provider reported $0.55 earnings per share for the quarter. The firm had revenue of $16.72 million during the quarter. Norwood Financial had a return on equity of 8.80% and a net margin of 14.14%.

Analyst Ratings Changes

Separately, StockNews.com raised Norwood Financial from a “sell” rating to a “hold” rating in a report on Thursday, June 20th.

About Norwood Financial

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.