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

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Tuesday, March 17th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.32 per share by the financial services provider on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Wednesday, April 15th.

Norwood Financial has raised its dividend by an average of 0.0%annually 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 $2.74 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 46.7%.

Norwood Financial Price Performance

Norwood Financial stock opened at $28.45 on Wednesday. Norwood Financial has a 12 month low of $21.25 and a 12 month high of $32.23. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $29.54 and a 200-day simple moving average of $27.98. The stock has a market capitalization of $263.56 million, a PE ratio of 9.52 and a beta of 0.60.

Norwood Financial Company Profile

Norwood Financial Corporation is the bank holding company for Norwood Bank, a community-oriented financial institution headquartered in Norwood, Massachusetts. Incorporated in 2010, the company oversees a network of branch offices serving suburban and metropolitan communities in eastern Massachusetts. Norwood Financial’s mission emphasizes personalized service, local decision-making and a commitment to supporting neighborhood growth.

The company’s primary business activities encompass a full suite of personal and commercial banking products and services.