Norwood Financial Corp. (NWFL) to Issue Quarterly Dividend of $0.32 on May 1st

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Tuesday, March 17th. Investors of record on Wednesday, April 15th will be paid 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 yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 15th.

Norwood Financial has raised 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.8%

NWFL stock opened at $27.95 on Thursday. The stock has a market cap of $304.38 million, a P/E ratio of 9.35 and a beta of 0.60. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $27.98. Norwood Financial has a 1-year low of $21.25 and a 1-year high of $32.23.

About Norwood Financial

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.