Norwood Financial Corp. (NASDAQ:NWFL – Get Free Report) declared a quarterly dividend on Tuesday, December 17th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.31 per share by the financial services provider on Monday, February 3rd. This represents a $1.24 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Wednesday, January 15th. This is an increase from Norwood Financial’s previous quarterly dividend of $0.30.
Norwood Financial has increased its dividend payment by an average of 4.9% annually over the last three years. Norwood Financial has a dividend payout ratio of 45.9% indicating that its dividend is sufficiently covered by earnings.
Norwood Financial Price Performance
NWFL opened at $25.42 on Monday. The firm has a market capitalization of $205.70 million, a PE ratio of 15.99 and a beta of 0.62. Norwood Financial has a 1 year low of $23.50 and a 1 year high of $34.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $29.22 and its two-hundred day moving average is $27.78.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on Norwood Financial
Insider Buying and Selling
In other news, Director Ronald R. Schmalzle acquired 7,692 shares of Norwood Financial stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $26.00 per share, with a total value of $199,992.00. Following the purchase, the director now owns 15,510 shares in the company, valued at $403,260. This trade represents a 98.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is currently owned by insiders.
Norwood Financial Company Profile
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.
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