Norwood Financial Corp. Declares Quarterly Dividend of $0.32 (NASDAQ:NWFL)

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Norwood Financial has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Norwood Financial has a payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 34.7%.

Norwood Financial Trading Down 1.0%

Norwood Financial stock traded down $0.30 during trading hours on Thursday, reaching $30.77. The company had a trading volume of 50,052 shares, compared to its average volume of 27,414. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50-day moving average price of $30.43 and a 200 day moving average price of $29.71. The firm has a market cap of $335.09 million, a price-to-earnings ratio of 11.35 and a beta of 0.56. Norwood Financial has a 12-month low of $23.70 and a 12-month high of $32.36.

Norwood Financial (NASDAQ:NWFL) last released its quarterly earnings data on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. The company had revenue of $3.12 million for the quarter, compared to analysts’ expectations of $27.50 million. Equities analysts forecast that Norwood Financial will post 3.45 earnings per share for the current year.

Norwood Financial Company Profile

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.