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

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Thursday, October 15th will be paid 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 increased its dividend payment by an average of 0.0%annually over the last three years and has increased 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. Equities 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 Price Performance

NASDAQ:NWFL opened at $34.85 on Thursday. The firm has a market capitalization of $379.87 million, a price-to-earnings ratio of 12.02 and a beta of 0.54. Norwood Financial has a 1 year low of $23.82 and a 1 year high of $35.48. The business 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 current ratio of 0.91 and a quick ratio of 0.91.

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