Norwood Financial Corp Announces Cash Dividend
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.
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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.
Details
News Market Reaction – NWFL
The recorded move for NWFL in the trading session of this news was +1.20%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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 | |
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