Norwood Financial Corp: A Steady Dividend Payout Reflects Financial Strength

Norwood Financial Corp (NASDAQ: NWFL) has announced a cash dividend of $0.30 per share, payable on November 1, 2024, to shareholders of record as of October 18, 2024. This dividend equals the previous quarter's and represents a 3.5% increase from the third quarter of 2023. President and CEO James O. Donnelly stated that this reflects the company's financial strength and strong capital position.

As of June 30, 2024, Norwood Financial Corp reported total assets of $2.235 billion, loans outstanding of $1.641 billion, total deposits of $1.811 billion, and total capital of $182.2 million. The company operates 15 offices in Northeastern Pennsylvania and 14 offices across various counties in New York through its subsidiary, Wayne Bank.


The historical trend of Norwood Financial Corp's dividend payouts shows a steady increase over time, correlating with the company's financial performance. The 3.5% dividend increase reflects the company's strong financial position and its ability to generate consistent returns for shareholders.

Norwood Financial Corp's dividend yield compares favorably to its peers in the financial sector, indicating its investment potential. The company's dividend policy has contributed to its overall capital management strategy, enabling it to maintain a strong capital position while providing value to shareholders.


The company's financial performance has contributed to the 3.5% dividend increase, with strong asset growth and a solid capital position. The expansion of Norwood Financial Corp's branch network has also influenced its ability to pay a higher dividend, as it allows the company to tap into new markets and increase its customer base.

In conclusion, Norwood Financial Corp's announcement of a cash dividend reflects its financial strength and commitment to providing value to shareholders. The company's steady dividend payouts and strong financial performance position it well for future growth and profitability.