Norwood Financial Corp. Declares Quarterly Dividend of $0.26 (NASDAQ:NWFL)

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Friday, September 17th, Zacks reports. Investors of record on Friday, October 15th will be given a dividend of 0.26 per share by the financial services provider on Monday, November 1st. This represents a $1.04 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Thursday, October 14th.

Norwood Financial has decreased its dividend by 15.3% over the last three years and has raised its dividend every year for the last 3 years.

NASDAQ:NWFL opened at $25.72 on Wednesday. The stock’s fifty day moving average price is $25.50 and its two-hundred day moving average price is $25.53. Norwood Financial has a 52-week low of $22.85 and a 52-week high of $29.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $211.52 million, a price-to-earnings ratio of 9.67 and a beta of 0.56.

Norwood Financial (NASDAQ:NWFL) last posted its quarterly earnings data on Friday, July 23rd. The financial services provider reported $0.70 earnings per share (EPS) for the quarter. The firm had revenue of $18.24 million for the quarter. Norwood Financial had a return on equity of 11.17% and a net margin of 27.80%.

In other news, Director Jeffrey S. Gifford bought 2,000 shares of the stock in a transaction on Thursday, August 19th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the acquisition, the director now owns 3,010 shares in the company, valued at $75,250. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Robert J. Mancuso bought 2,707 shares of the stock in a transaction on Wednesday, August 18th. The shares were purchased at an average price of $25.20 per share, with a total value of $68,216.40. Following the acquisition, the chief operating officer now owns 11,190 shares in the company, valued at approximately $281,988. The disclosure for this purchase can be found here. In the last three months, insiders bought 5,404 shares of company stock worth $135,866. 8.50% of the stock is currently owned by company insiders.

Norwood Financial Company Profile

Norwood Financial Corp. is a bank holding company, which offers financial services and traditional banking to individual, business and government customers. It offers debit cards, savings accounts, personal loans, credit card, business lending, and wealth management. The company was founded in 1870 and is headquartered in Honesdale, PA.

Read More: Hold Rating

Dividend History for Norwood Financial (NASDAQ:NWFL)

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