Wayne Bank Charts Quarterly Dividend Growth

December 19, 2017 GMT

HONESDALE — Wayne Bank’s parent company will pay a quarterly dividend of 22 cents per share, up more than 3 percent from the same period last year. Norwood Financial Corp. on Friday declared the dividend Friday. It’s payable Feb. 1 to shareholders of record as of Jan. 12, bank officials said in a statement. The 3.2 percent growth figure was adjusted in light of a 50 percent stock dividend declared Aug. 8. As of Sept. 30, Norwood reported assets of $1.132 billion; loans outstanding of $756 million; total deposits of $924 million; and total stockholders’ equity of $117.7 million. Wayne Bank has 14 branch offices in Pennsylvania and 12 in New York. — JON O’CONNELL