Norwood Financial Corp. (NASDAQ:NWFL) Announces Dividend Increase – $0.31 Per Share

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.31 per share by the financial services provider on Saturday, February 1st. This represents a $1.24 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30.

Norwood Financial has increased its dividend payment by an average of 5.1% per year over the last three years.

Norwood Financial Stock Performance

Shares of NWFL opened at $28.02 on Friday. The company’s 50 day simple moving average is $29.75 and its 200-day simple moving average is $27.57. The firm has a market cap of $226.74 million, a PE ratio of 17.62 and a beta of 0.61. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

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.