Norwood Financial Corp. (NASDAQ:NWFL) Raises Dividend to $0.31 Per Share

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid 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 4.92%. The ex-dividend date is Wednesday, January 15th. This is a boost from Norwood Financial’s previous quarterly dividend of $0.30.

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

Norwood Financial Stock Down 3.5 %

Shares of NASDAQ NWFL traded down $0.92 on Thursday, hitting $25.18. The company had a trading volume of 27,103 shares, compared to its average volume of 10,954. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.74. Norwood Financial has a 12-month low of $23.50 and a 12-month high of $34.50. The firm has a market capitalization of $203.76 million, a P/E ratio of 15.84 and a beta of 0.61. The business has a 50 day moving average of $29.83 and a two-hundred day moving average of $27.59.

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.