WILLIAMSPORT, Pa. - Woodlands Financial Services Company (OTC Pink: WDFN) has announced that its Board of Directors approved a quarterly cash dividend on Monday. The dividend is set at twenty-nine cents per share on its common stock. Shareholders of record as of November 8, 2024, will be eligible for the dividend, which is scheduled for payment on November 22, 2024.
The company, which is the financial services holding company of Woodlands Bank and Woodlands Stock Corporation, offers a range of commercial and consumer banking and trust services in Lycoming and Clinton Counties.
This dividend declaration follows Woodlands Financial Services Company's ongoing practice of providing returns to its shareholders and reflects the company's financial performance and commitment to shareholder value.
Investors and customers can access more information about Woodlands Financial Services Company and its subsidiaries through its website.
This financial update is based on a press release statement issued by Woodlands Financial Services Company.
InvestingPro Insights
Woodlands Financial Services Company's recent dividend announcement aligns with its strong track record of shareholder returns. According to InvestingPro data, the company boasts a notable dividend yield of 5.72%, which is particularly attractive in the current market environment. This yield is supported by the company's commitment to dividend growth, with a 3.57% increase in dividends over the last twelve months.
InvestingPro Tips reveal that Woodlands Financial has raised its dividend for 4 consecutive years and has maintained dividend payments for an impressive 28 consecutive years. This consistency in dividend payouts underscores the company's dedication to returning value to shareholders, even in challenging economic conditions.
However, investors should note that the company is currently not profitable over the last twelve months, which could impact future dividend sustainability. The price-to-book ratio of 0.85 suggests that the stock may be undervalued relative to its book value, potentially offering an opportunity for value investors.
For those seeking a more comprehensive analysis, InvestingPro offers additional tips and insights that could provide a deeper understanding of Woodlands Financial's investment potential. There are 5 more InvestingPro Tips available for WDFN, which could offer valuable perspectives on the company's financial health and market position.
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