Norwood Financial Corp. (NASDAQ:NWFL) to Issue Quarterly Dividend of $0.31

Key Points

• Norwood Financial Corp. declared a quarterly dividend of $0.31 per share, with shareholders of record on October 15th to receive the payout on November 3rd, representing a 4.7% yield.
• The company's dividend payout ratio is 43.5%, suggesting the dividend is well-supported by earnings, with expected earnings of $2.74 per share for the coming year.
• Norwood Financial's stock saw a 1.4% decline during midday trading, hitting a price of $26.28, below its 52-week high of $34.50.

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Wednesday, October 15th will be paid a dividend of 0.31 per share by the financial services provider on Monday, November 3rd. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 15th.

Norwood Financial has a dividend payout ratio of 43.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 45.3%.

Norwood Financial Stock Down 0.4%

Shares of Norwood Financial stock traded down $0.11 during trading hours on Friday, reaching $26.51. 40,330 shares of the company were exchanged, compared to its average volume of 23,878. The firm has a market cap of $245.48 million, a PE ratio of 110.46 and a beta of 0.71. Norwood Financial has a 1 year low of $21.25 and a 1 year high of $34.50. The stock's fifty day moving average is $25.44 and its 200 day moving average is $25.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.90 and a current ratio of 0.90.

Norwood Financial (NASDAQ:NWFL - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The firm had revenue of $21.20 million for the quarter, compared to the consensus estimate of $21.16 million. Norwood Financial had a net margin of 2.92% and a return on equity of 8.86%. As a group, equities research analysts forecast that Norwood Financial will post 2.51 earnings per share 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.