Norwood Financial Corp Announces Cash Dividend

Rhea-AI Summary

Norwood Financial Corp (NASDAQ: NWFL) has declared a quarterly cash dividend of $0.31 per share, payable on May 1, 2025, to stockholders of record as of April 15, 2025. This represents a $0.01 increase from the first quarter of 2024 dividend.

The company, operating through its subsidiary Wayne Bank, maintains 15 offices in Northeastern Pennsylvania and 14 offices across Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York. As of December 31, 2024, Norwood reported:

• Total assets: $2.317 billion
• Outstanding loans: $1.693 billion
• Total deposits: $1.859 billion
• Total capital: $214 million

Positive

• Increased quarterly dividend by $0.01 to $0.31 per share
• Strong capital position with total capital of $214 million
• Substantial asset base of $2.317 billion
• Healthy loan-to-deposit ratio with $1.693B loans and $1.859B deposits

Negative

• None.

News Market Reaction – NWFL

+1.61%

1 alert

+1.61% News Effect

On the day this news was published, NWFL gained 1.61%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HONESDALE, Pa., March 31, 2025 (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 $0.31 per share cash dividend, which is payable on May 1, 2025, to stockholders of record as of April 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the first quarter of 2024.

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 December 31, 2024, Norwood had total assets of $2.317 billion, loans outstanding of $1.693 billion, total deposits of $1.859 billion and total capital of $214 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

What is the new dividend amount for Norwood Financial Corp (NWFL) in 2025?

Norwood Financial Corp declared a quarterly dividend of $0.31 per share, representing a $0.01 increase from Q1 2024.

When is the NWFL dividend payment date and record date for Q2 2025?

The dividend is payable on May 1, 2025, to stockholders of record as of April 15, 2025.

What are Norwood Financial Corp's (NWFL) key financial metrics as of December 2024?

NWFL reported total assets of $2.317B, loans of $1.693B, deposits of $1.859B, and total capital of $214M.

How many branch locations does Norwood Financial Corp (NWFL) operate?

NWFL operates 29 total branches: 15 in Northeastern Pennsylvania and 14 across various New York counties.