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

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.32 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, July 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 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. Analysts expect Norwood Financial to earn $3.69 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 34.7%.

Norwood Financial Stock Down 1.0%

NWFL traded down $0.30 on Thursday, hitting $30.77. The company had a trading volume of 50,052 shares, compared to its average volume of 27,414. The stock has a fifty day simple moving average of $30.43 and a 200-day simple moving average of $29.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $335.09 million, a P/E ratio of 11.35 and a beta of 0.56. Norwood Financial has a 52-week low of $23.70 and a 52-week high of $32.36.

Norwood Financial (NASDAQ:NWFL) last posted its earnings results on Monday, April 27th. The financial services provider reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.09). Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%.The firm had revenue of $3.12 million for the quarter, compared to analysts’ expectations of $27.50 million. As a group, equities analysts expect that Norwood Financial will post 3.45 EPS for the current fiscal year.

About Norwood Financial

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.