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

Norwood Financial Corp. (NASDAQ:NWFL) announced a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.31 per share by the financial services provider on Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, October 15th.

Norwood Financial has a dividend payout ratio of 43.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Norwood Financial to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 45.3%.

Norwood Financial Stock Performance

Shares of NWFL opened at $24.61 on Monday. The company has a market capitalization of $227.89 million, a PE ratio of 102.55 and a beta of 0.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.90 and a quick ratio of 0.90. Norwood Financial has a one year low of $21.25 and a one year high of $34.50. The company’s fifty day moving average price is $25.74 and its 200 day moving average price is $25.23.

Norwood Financial (NASDAQ:NWFL) last issued its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. Norwood Financial had a return on equity of 8.86% and a net margin of 2.92%.The company had revenue of $21.20 million for the quarter, compared to the consensus estimate of $21.16 million. As a group, analysts expect that Norwood Financial will post 2.51 earnings per share for the current year.

About Norwood Financial

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.