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

Norwood Financial Corp. (NASDAQ:NWFL) declared a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Norwood Financial has increased its dividend payment by an average of 0.0%per year 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. Equities research 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%

NASDAQ:NWFL opened at $30.77 on Friday. The stock’s fifty day moving average price is $30.44 and its two-hundred day moving average price is $29.72. Norwood Financial has a 52-week low of $23.70 and a 52-week high of $32.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $335.09 million, a price-to-earnings ratio of 11.35 and a beta of 0.56.

Norwood Financial (NASDAQ:NWFL) last released its earnings results on Monday, April 27th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.09). The firm had revenue of $3.12 million during the quarter, compared to analyst estimates of $27.50 million. Norwood Financial had a net margin of 17.75% and a return on equity of 12.43%. On average, analysts anticipate that Norwood Financial will post 3.45 EPS for the current 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.