Norwood Financial Corp Updates Dividend Payment Schedule
Norwood Financial Corp (NASDAQ: NWFL) recently made an important announcement regarding its cash dividend payment for the fourth quarter of the year. The company corrected its initial date and confirmed that the dividend payment will now occur on February 3, 2025, rather than the previously stated February 1, 2025. Notably, the record date for this dividend remains unchanged and is scheduled for January 15, 2025.
Understanding Norwood Financial's Operations
Operating primarily through its subsidiary, Wayne Bank, Norwood Financial Corp has established a strong presence across multiple locations. With fifteen offices in Northeastern Pennsylvania and an additional fourteen in counties including Delaware and New York, the bank plays a vital role in servicing its local communities. The financial stability of Norwood speaks volumes, with total assets reaching approximately $2.3 billion.
Financial Snapshot of Norwood Financial Corp
As of September 30, 2024, Norwood Financial Corp reported significant figures: total deposits approximating $1.9 billion and outstanding loans reaching around $1.7 billion. These metrics demonstrate the company's robust financial position, which is bolstered by total capital amounting to $196 million. Such statistics highlight the bank's capability to not only support its operations but also reward its shareholders through dividends.
Insights on the Dividend Payment Process
Investors often look forward to dividend payments as a significant aspect of their investment strategy. The confirmation of the updated payment date is crucial for shareholders to manage their portfolios effectively. By maintaining the record date for January 15, 2025, Norwood Financial ensures that its investors are clearly informed and can plan accordingly.
Contact Information for Norwood Financial Corp
If you wish to get in touch with Norwood Financial for further inquiries, you can contact John M. McCaffery, the Executive Vice President and Chief Financial Officer, at (272) 304-3003. For additional information, prospective investors and customers can also visit their official website at www.waynebank.com.
Frequently Asked Questions
What is the new dividend payment date for Norwood Financial Corp?
The new dividend payment date for the fourth quarter is February 3, 2025.
What is the record date for the dividend?
The record date for the dividend remains January 15, 2025.
How much total capital does Norwood Financial Corp have?
As of September 30, 2024, Norwood Financial Corp has total capital of $196 million.
What subsidiaries operate under Norwood Financial Corp?
Norwood Financial Corp operates primarily through its subsidiary, Wayne Bank.
How can I contact Norwood Financial Corp for more information?
You can contact John M. McCaffery at (272) 304-3003 or visit www.waynebank.com for more information.
