Norwood Financial Corp Corrects Dividend Payment Date for Q4 Cash Dividend
Rhea-AI Summary
Norwood Financial Corp (NASDAQ: NWFL) has issued a correction regarding its fourth quarter cash dividend payment date. The payment will occur on February 3, 2025, instead of February 1, 2025, as previously announced. The record date remains January 15, 2025.
The company operates through Wayne Bank with 15 offices in Northeastern Pennsylvania and 14 offices across Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York. As of September 30, 2024, Norwood reported $2.3 billion in total assets, $1.7 billion in loans, $1.9 billion in deposits, and $196 million in total capital.
Positive
- Strong asset base of $2.3 billion
- Substantial loan portfolio of $1.7 billion
- Healthy deposit base of $1.9 billion
- Robust capital position of $196 million
Negative
- None.
News Market Reaction – NWFL
In the trading session that priced this news, NWFL gained 11.28%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONESDALE, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ Global Market - NWFL) announced today that the dividend payment date for the fourth quarter cash dividend is February 3, 2025, not February 1, 2025, as was announced yesterday. The January 15, 2025 record date for the dividend remains the same.
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 September 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 |
