This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Norwood Financial Corp Announces Dividend

HONESDALE, Pa., Sept. 13, 2012 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $.30 per share cash dividend payable November 1, 2012 to shareholders of record as of October 15, 2012. The $.30 per share represents a 3.5% increase over the $.29 per share dividend paid in the third quarter of last year.

Mr. Critelli 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 a solid performance while operating in a very challenging economic environment."

Norwood Financial Corp, through its subsidiary, Wayne Bank, operates sixteen offices in Northeastern Pennsylvania. As of June 30, 2012, Norwood had total assets of $684.9 million, loans outstanding of $479.4 million, total deposits of $534.2 million and total capital of $90.2 million. The Company's stock is traded on the NASDAQ Global Market under the symbol "NWFL."

The Norwood Financial Corp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13244

Forward-Looking Statements.

The foregoing material may contain forward-looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and therefore readers should not place undue reliance on any forward looking statements. Those risks and uncertainties include risks related to our acquisition of North Penn Bancorp, Inc., changes in federal and state laws, changes in the absolute and relative levels of interest rates, the ability to control costs and expenses, demand for real estate, 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

company logo

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,061.69 +23.72 0.13%
S&P 500 2,109.69 +0.77 0.04%
NASDAQ 5,059.9660 -0.28 -0.01%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs