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Norwood Financial declares stock dividend

Honesdale, Pa.-based Norwood Financial Corp. declared a 50% stock dividend on its outstanding common stock.

The dividend will be paid out Sept. 15 to shareholders of record as of Aug. 22.

The company's outstanding common shares is set to increase by approximately 2,080,679 shares, from 4,161,357 shares outstanding to 6,242,036 shares outstanding, as a result of the stock dividend.