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

Norwood Financial Corp. (NASDAQ:NWFL) announced 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) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, October 15th.

Norwood Financial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 7 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 $3.80 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

Shares of NWFL opened at $34.85 on Thursday. The stock has a 50-day simple moving average of $33.52 and a 200-day simple moving average of $31.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. Norwood Financial has a 1 year low of $23.82 and a 1 year high of $35.48. The stock has a market capitalization of $379.87 million, a PE ratio of 12.02 and a beta of 0.54.

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

About Norwood Financial

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.