Norwood Financial Corp. Announces Cash Dividend

HONESDALE, Pa., March 22, 2024 (GLOBE NEWSWIRE) — James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corporation (Nasdaq Global Market – NWFL) and its subsidiary Wayne Bank, has announced that the Board of Directors has announced that: The stockholder of record on April 15, 2024 will be paid his quarterly cash dividend of $0.30 per share on May 1, 2024. The $0.30 per share represents a 3.5% increase over the cash dividend declared in the first quarter of 2023.

Mr Donnelly commented: “The Board of Directors is very pleased to be able to provide this quarterly cash dividend to our shareholders. It reflects our financial strength and strong capital base contributing to our solid operating results.”

Norwood Financial Corp., through its subsidiaries, operates Wayne Bank with 14 offices in northeastern Pennsylvania and 15 offices in Delaware, Sullivan County, Ontario, Otsego County, and Yates County, New York. I am. As of December 31, 2023, the company's total assets were $2.201 billion, loan balance was $1.604 billion, total deposits were $1.795 billion, and total stockholders' equity was $181.1 million. There is. Our stock trades on the Nasdaq Global Market under the symbol “NWFL.”

Forward-looking statements
The foregoing materials may contain forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because such statements involve a number of risks and uncertainties that could cause actual results to differ materially from those currently anticipated. please. These risks and uncertainties include our ability to pay or increase future cash dividends, our continued financial strength, solid operating results and solid capital position, changes in federal and state laws, and absolute regulatory changes; including but not limited to. the relative level of interest rates, the ability to control costs and expenses, demand for real estate, costs associated with cybercrime, general economic conditions and the effectiveness of government responses thereto; Norwood Financial Corp undertakes no obligation to publicly release any revisions to forward-looking statements that may be made to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. , specifically disclaims.