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

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, November 2nd. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Norwood Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Norwood Financial has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $3.80 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 33.7%.

Norwood Financial Stock Performance

NASDAQ:NWFL opened at $34.85 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $379.87 million, a P/E ratio of 12.02 and a beta of 0.54. The firm has a 50-day moving average price of $33.52 and a two-hundred day moving average price of $31.40. Norwood Financial has a twelve month low of $23.82 and a twelve month high of $35.48.

Norwood Financial (NASDAQ:NWFL) last announced its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.01). Norwood Financial had a net margin of 18.68% and a return on equity of 12.88%. The business had revenue of $29.37 million during the quarter, compared to analysts’ expectations of $28.10 million. As a group, research analysts expect that Norwood Financial will post 3.47 earnings per share for the current fiscal year.

Norwood Financial Company Profile

Norwood Financial Corporation is a bank holding company headquartered in Honesdale, Pennsylvania. Through its subsidiary, Wayne Bank, the company provides community banking services to individuals, families, businesses and organizations.

Wayne Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential and commercial real estate loans, consumer loans, home equity financing and loans to small and mid-sized businesses.