Norwood Financial Co. (NASDAQ:NWFL) declared a quarterly dividend on Friday, December 14th, Zacks reports. Investors of record on Tuesday, January 15th will be given a dividend of 0.24 per share by the financial services provider on Friday, February 1st. This represents a $0.96 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, January 14th. This is a positive change from Norwood Financial’s previous quarterly dividend of $0.22.
Norwood Financial has decreased its dividend payment by an average of 10.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
NASDAQ:NWFL traded up $0.21 during midday trading on Wednesday, reaching $32.21. The stock had a trading volume of 33 shares, compared to its average volume of 6,980. Norwood Financial has a 1-year low of $28.76 and a 1-year high of $40.58. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $202.11 million, a PE ratio of 14.99 and a beta of 0.30.
Separately, ValuEngine lowered shares of Norwood Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, December 5th.
In related news, Director Ralph A. Matergia purchased 4,150 shares of the firm’s stock in a transaction on Monday, October 22nd. The shares were bought at an average cost of $36.18 per share, for a total transaction of $150,147.00. Following the transaction, the director now directly owns 10,322 shares of the company’s stock, valued at approximately $373,449.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Robert J. Mancuso acquired 1,000 shares of Norwood Financial stock in a transaction dated Monday, November 19th. The shares were acquired at an average cost of $37.00 per share, with a total value of $37,000.00. Following the completion of the acquisition, the chief operating officer now directly owns 6,111 shares in the company, valued at approximately $226,107. The disclosure for this purchase can be found here. Insiders acquired a total of 5,219 shares of company stock worth $189,700 over the last 90 days. Company insiders own 6.40% of the company’s stock.
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Norwood Financial Company Profile
Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. It accepts a range of deposit products, such as interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits and individual retirement accounts.
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