Exhibit 99.1
NORWOOD FINANCIAL CORP
ANNOUNCES CASH DIVIDEND
HONESDALE, PENNSYLVANIA – JUNE 14, 2019
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $.24 per share cash dividend which is payable August 1, 2019 to shareholders of record as of July 15, 2019. The $.24 per share equals the per share dividend declared in the prior quarter and represents a 9.1% increase over the cash dividend declared in the second 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 our solid performance.”
Norwood Financial Corp, through its subsidiary, Wayne Bank operates fourteen offices in Northeastern Pennsylvania and twelve offices in Delaware and Sullivan Counties, New York. As of March 31, 2019, Norwood had total assets of $1.2 billion, loans outstanding of $864.2 million, total deposits of $974.4 million and total capital of $126.8 million. The Company’s stock is traded on the Nasdaq Global Market under the symbol “NWFL”.