Norwood Financial Corp's Board of Directors has approved a cash dividend of $0.29 per share
Dividends
June 16, 2023
Norwood Financial Corp (NASDAQ: NWFL) and its subsidiary Wayne Bank, led by James O. Donnelly, President and Chief Executive Officer, have recently declared a dividend increase for its shareholders. The Board of Directors has approved a cash dividend of $0.29 per share, reflecting a 3.6% increase over the dividend declared in the second quarter of 2022.
The decision to raise the cash dividend highlights Norwood Financial Corp's dedication to enhancing shareholder value. With the declaration of a $0.29 per share cash dividend, the company is demonstrating its confidence in its financial strength and solid performance.
Expressing his satisfaction with the dividend increase, Mr. Donnelly remarked, "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."
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