Norwood Financial Corp Announces Cash Dividend
June 26 2024 - 3:15PM
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
$0.30 per share cash dividend, which is payable August 1, 2024, to
shareholders of record as of July 15, 2024. The $0.30 per share
equals the per share dividend declared in the first quarter of 2024
and represents a 3.5% increase over the cash dividend declared in
the second quarter of 2023.
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 March 31, 2024, Norwood had total
assets of $2.260 billion, loans outstanding of $1.621 billion,
total deposits of $1.839 billion and total capital of $181.2
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 |
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