Norwood Financial Corp. (NASDAQ:NWFL) Plans Dividend Increase – $0.31 Per Share

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

Norwood Financial has raised its dividend by an average of 5.1% per year over the last three years.

Norwood Financial Stock Down 3.5 %

Shares of NASDAQ NWFL opened at $25.18 on Friday. The firm’s 50-day moving average is $29.80 and its 200-day moving average is $27.58. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The firm has a market capitalization of $203.76 million, a PE ratio of 15.84 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74.

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.