HONESDALE, Pa., — The Board of Directors of Norwood Financial Corp, and its subsidiary Wayne Bank, has declared a $0.29 per share quarterly dividend, payable February 1, 2023, to shareholders of record as of January 13, 2023, according to James O. Donnelly, President and Chief Executive Officer. The $0.29 per share represents an increase of 3.6% over the cash dividend declared in the third quarter of this year and the fourth quarter of 2021. During 2022, total cash dividends declared were $1.13 per share, compared to the $1.06 per share declared in 2021.
Donnelly commented, “The Board is extremely pleased to provide our shareholders with this increase in their quarterly dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance. We are also very proud that 2022 marks the thirty-first consecutive year of dividend increases for the Company.”