Norwood Financial Co. (NASDAQ:NWFL) announced a quarterly dividend on Friday, September 13th, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.24 per share by the financial services provider on Friday, November 1st. This represents a $0.96 annualized dividend and a yield of 3.17%. The ex-dividend date is Friday, October 11th.
Norwood Financial has decreased its dividend payment by an average of 10.6% annually over the last three years and has increased its dividend every year for the last 3 years.
Shares of Norwood Financial stock traded down $0.27 during trading hours on Wednesday, reaching $30.28. 7 shares of the stock traded hands, compared to its average volume of 5,674. The company has a 50 day moving average price of $31.39 and a 200 day moving average price of $32.50. The firm has a market capitalization of $196.57 million, a price-to-earnings ratio of 14.33 and a beta of 0.37. Norwood Financial has a one year low of $28.08 and a one year high of $39.80. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.33.
In other news, CEO Lewis J. Critelli sold 1,056 shares of Norwood Financial stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $35.10, for a total transaction of $37,065.60. Following the transaction, the chief executive officer now directly owns 21,981 shares of the company’s stock, valued at approximately $771,533.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lewis J. Critelli sold 3,125 shares of Norwood Financial stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $35.19, for a total value of $109,968.75. Following the transaction, the chief executive officer now directly owns 21,981 shares in the company, valued at $773,511.39. The disclosure for this sale can be found here. 6.60% of the stock is owned by insiders.
Separately, ValuEngine raised Norwood Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
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.
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