Norwood Financial Corp. (NWFL) To Go Ex-Dividend on July 15th

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 15th will be given a dividend of 0.32 per share by the financial services provider on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, July 15th.

Norwood Financial has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 7 years. Norwood Financial has a dividend payout ratio of 44.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Norwood Financial to earn $3.69 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 34.7%.

Norwood Financial Stock Performance

Shares of NWFL opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $335.09 million, a price-to-earnings ratio of 11.35 and a beta of 0.56. The stock has a fifty day moving average price of $30.43 and a two-hundred day moving average price of $29.73. Norwood Financial has a 52-week low of $23.70 and a 52-week high of $32.36.

Norwood Financial (NASDAQ:NWFL) last announced its earnings results on Monday, April 27th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.09). Norwood Financial had a return on equity of 12.43% and a net margin of 17.75%.The business had revenue of $3.12 million for the quarter, compared to the consensus estimate of $27.50 million. Analysts predict that Norwood Financial will post 3.45 EPS for the current fiscal year.

Norwood Financial Company Profile

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. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles.