Norwood Financial Corp Announces Cash Dividend
16 Junho 2023 - 9:15AM
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 declared a $.29
per share cash dividend, which is payable August 1, 2023, to
shareholders of record as of July 14, 2023. The $.29 per share
equals the per share dividend declared in the first quarter of
2023, and represents a 3.6% increase over the cash dividend
declared in the second quarter of 2022.
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 fourteen offices in Northeastern Pennsylvania
and fifteen offices in Delaware, Sullivan, Ontario, Otsego and
Yates Counties, New York. As of March 31, 2023, Norwood had total
assets of $2.104 billion, loans outstanding of $1.536 billion,
total deposits of $1.756 billion and total capital of $176.4
million. The Company’s stock is traded on the Nasdaq Global Market
under the symbol “NWFL.”
Forward-Looking Statements. The
foregoing material may contain forward-looking statements. We
caution that such statements may be subject to a number of risks
and uncertainties which may cause actual results to differ
materially from those currently anticipated, and therefore readers
should not place undue reliance on any forward looking statements.
Those risks and uncertainties include, but are not limited to, our
ability to pay or increase cash dividends in the future, the
continued financial strength, solid performance and strong capital
position of the Company, changes in federal and state laws, changes
in the absolute and relative levels of interest rates, the impact
of the COVID-19 pandemic on the Company’s results of operation and
financial condition, the ability to control costs
and expenses, demand for real estate, costs associated with
cybercrime, general economic conditions and the effectiveness of
governmental responses thereto. Norwood Financial Corp does not
undertake and specifically disclaims any obligation to publicly
release the results of any revisions that may be made to any
forward-looking statements to reflect the occurrence of anticipated
or unanticipated events or circumstances after the date of such
statements.
CONTACT: |
William Lance |
|
Executive Vice President and Chief Financial Officer |
|
NORWOOD FINANCIAL CORP |
|
(570) 253-8505 |
|
www.waynebank.com |
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