Norwood Financial Corp Announces Cash Dividend

Rhea-AI Summary

Norwood Financial Corp (NASDAQ: NWFL) has declared a $0.30 per share cash dividend, payable on November 1, 2024, to shareholders of record as of October 18, 2024. This dividend equals the previous quarter's and represents a 3.5% increase from the third quarter of 2023. President and CEO James O. Donnelly stated that this reflects the company's financial strength and strong capital position.

As of June 30, 2024, Norwood Financial Corp reported:

• Total assets: $2.235 billion
• Loans outstanding: $1.641 billion
• Total deposits: $1.811 billion
• Total capital: $182.2 million

The company operates 15 offices in Northeastern Pennsylvania and 14 offices across various counties in New York through its subsidiary, Wayne Bank.

Positive

• Declared cash dividend of $0.30 per share
• 3.5% increase in dividend compared to Q3 2023
• Total assets of $2.235 billion as of June 30, 2024
• Loans outstanding of $1.641 billion
• Total deposits of $1.811 billion
• Total capital of $182.2 million

Negative

• None.

News Market Reaction

+1.20%

1 alert

+1.20% News Effect

On the day this news was published, NWFL gained 1.20%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONESDALE, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) --

James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable November 1, 2024, to shareholders of record as of October 18, 2024. The $0.30 per share equals the per share dividend declared in the second quarter of 2024 and represents a 3.5% increase over the cash dividend declared in the third quarter of 2023.

Mr. Donnelly commented, “The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance.”

Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of June 30, 2024, Norwood had total assets of $2.235 billion, loans outstanding of $1.641 billion, total deposits of $1.811 billion and total capital of $182.2 million. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”.

Forward-Looking Statements.

Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

CONTACT:	John M. McCaffery
	Executive Vice President and Chief Financial Officer
	NORWOOD FINANCIAL CORP
	(272) 304-3003
	www.waynebank.com

FAQ

When is Norwood Financial Corp's (NWFL) next dividend payment date?

Norwood Financial Corp's (NWFL) next dividend payment date is November 1, 2024.

What is the amount of Norwood Financial Corp's (NWFL) latest declared dividend?

Norwood Financial Corp (NWFL) has declared a cash dividend of $0.30 per share.

How does Norwood Financial Corp's (NWFL) latest dividend compare to the previous year?

Norwood Financial Corp's (NWFL) latest dividend represents a 3.5% increase over the cash dividend declared in the third quarter of 2023.

What were Norwood Financial Corp's (NWFL) total assets as of June 30, 2024?

Norwood Financial Corp (NWFL) reported total assets of $2.235 billion as of June 30, 2024.

How many offices does Norwood Financial Corp (NWFL) operate through its subsidiary Wayne Bank?

Norwood Financial Corp (NWFL) operates 15 offices in Northeastern Pennsylvania and 14 offices in various counties in New York through its subsidiary, Wayne Bank.