Norwood Financial's most recent quarterly dividend of $0.28 per share was on Oct 13, 2022 (ex-date). The annualized payout of $1.12 per share represents a current dividend yield of 3.42%.
NWFL has a dividend yield of 3.42% which is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.73%, Norwood Financial's dividend yield is 25% higher. The historical 5-year average of NWFL's dividend yield is 3.4%, which is similar to the current yield.
Norwood Financial has a history of paying dividends since 1998. Our records of NWFL show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 8% for the last twelve months. But since the stock price has gone up by 25% from a year ago, the dividend yield has decreased by 14%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Oct 13, 2022 | Nov 1, 2022 | Sep 16, 2022 | $0.28 | normal |
| Jul 14, 2022 | Aug 1, 2022 | Jun 17, 2022 | $0.28 | normal |
| Apr 13, 2022 | May 2, 2022 | Mar 11, 2022 | $0.28 | normal |
| Jan 13, 2022 | Feb 1, 2022 | $0.28 | normal | |
| Oct 14, 2021 | Nov 1, 2021 | Sep 17, 2021 | $0.26 | normal |
| Jul 14, 2021 | Aug 2, 2021 | $0.26 | normal | |
| Apr 14, 2021 | May 3, 2021 | Mar 11, 2021 | $0.26 | normal |
| Jan 14, 2021 | Feb 1, 2021 | Dec 10, 2020 | $0.26 | normal |
| Oct 14, 2020 | Nov 2, 2020 | Sep 10, 2020 | $0.25 | normal |
| Jul 16, 2020 | Aug 3, 2020 | Jun 9, 2020 | $0.25 | normal |
| Apr 14, 2020 | May 1, 2020 | Mar 10, 2020 | $0.25 | normal |
| Jan 14, 2020 | Feb 3, 2020 | Dec 13, 2019 | $0.25 | normal |
| Oct 11, 2019 | Nov 1, 2019 | Sep 10, 2019 | $0.24 | normal |
| Jul 12, 2019 | Aug 1, 2019 | Jun 11, 2019 | $0.24 | normal |
| Apr 12, 2019 | May 1, 2019 | Mar 12, 2019 | $0.24 | normal |
| Jan 14, 2019 | Feb 1, 2019 | Dec 11, 2018 | $0.24 | normal |
| Oct 12, 2018 | Nov 1, 2018 | Sep 11, 2018 | $0.22 | normal |
| Jul 12, 2018 | Aug 1, 2018 | Jun 14, 2018 | $0.22 | normal |
| Apr 12, 2018 | May 1, 2018 | Mar 13, 2018 | $0.22 | normal |
| Jan 11, 2018 | Feb 1, 2018 | Dec 15, 2017 | $0.22 | normal |
| Oct 12, 2017 | Nov 1, 2017 | Sep 13, 2017 | $0.22 | normal |
| Jul 12, 2017 | Aug 1, 2017 | Jun 14, 2017 | $0.213 | normal |
| Apr 11, 2017 | May 1, 2017 | Mar 28, 2017 | $0.213 | normal |
| Jan 11, 2017 | Feb 1, 2017 | Dec 16, 2016 | $0.213 | normal |
| Oct 12, 2016 | Nov 1, 2016 | Sep 13, 2016 | $0.207 | normal |
NWFL has a payout ratio of 31.7% which is higher than the Financial Services sector and the industry average but lower than its peers average. But in comparison with the Financial Services sector average of 30.7%, Norwood Financial's payout ratio is only 3.3% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CZNC Citizens & Northern Corp | 4.65% | $1.12 | 67.1% |
| NWFL Norwood Financial Corp | 3.39% | $1.12 | 31.7% |
| UVSP UNIVEST FINANCIAL Corp | 3.08% | $0.83 | 34% |
| CCNE Cnb Financial Corp | 2.89% | $0.7 | 20.6% |
| MPB Mid Penn Bancorp Inc | 2.5% | $0.8 | 34.6% |
Yes, Norwood Financial has been paying dividends for the last 24 years.
NWFL hasn't announced its next dividend date yet, but if we take into consideration its recent dividend schedule, it is likely that its next dividend will be in January 2023.
Norwood Financial's last regular dividend was on Oct 13, 2022 (ex-date) with the amount of $0.28 per share.
NWFL has paid dividend of $1.12 per share in the last year.
Currently Norwood Financial's dividend yield is 3.42%.
Norwood Financial has a quarterly dividend frequency.
Norwood Financial's dividend payout ratio is 31.7%.
Norwood Financial's dividend yield is above the Financial Services sector average.