Northway Financial, Inc. operates as the bank holding company for Northway Bank, a commercial bank that provides a range of financial products and services in the United States. The company offers checking, savings, money market, individual retirement, and municipal deposit accounts; certificates of deposit (CD); and debit and credit cards. It also provides mortgages; home equity loans and lines of credit; automobile, ATV, boat, and recreational vehicle loans; personal loans and lines of credit; savings or CD secured loans; municipal loan products; business acquisition financing; and working capital lines of credit, equipment financing and term loans, residential and commercial real estate loans, construction loans, consumer loans, and small business administration loans, as well as letters of credit. In addition, the company offers online and mobile banking services; cash management services comprising account analysis and reconciliation, automated sweep, lockbox, wire transfer, CD imaging, automated clearing house, and deposit express; overdraft prevention and protection services; and investment and insurance products. It operates through 17 branches, 1 loan production office, and 17 ATMs. The company was founded in 1997 and is headquartered in North Conway, New Hampshire.
Northway Financial Dividend Announcement
• Northway Financial announced a semi annually dividend of $0.35 per ordinary share which will be made payable on 2024-08-12. Ex dividend date: 2024-08-05
• Northway Financial annual dividend for 2024 was $0.70
• Northway Financial annual dividend for 2023 was $0.70
• Northway Financial's trailing twelve-month (TTM) dividend yield is 2.16%
• Northway Financial's dividend growth over the last ten years (2013-2023) was 0.90% year
Northway Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-05 | $0.35 | semi annually | 2024-08-12 |
2024-02-02 | $0.35 | semi annually | 2024-02-12 |
2023-08-04 | $0.35 | semi annually | 2023-08-14 |
2023-02-03 | $0.35 | semi annually | 2023-02-13 |
2022-08-05 | $0.35 | semi annually | 2022-08-15 |
2022-02-04 | $0.35 | semi annually | 2022-02-14 |
2021-08-06 | $0.35 | semi annually | 2021-08-16 |
2021-02-05 | $0.35 | semi annually | 2021-02-16 |
2020-08-07 | $0.35 | semi annually | 2020-08-17 |
2020-02-07 | $0.35 | semi annually | 2020-02-18 |
2019-08-02 | $0.35 | semi annually | 2019-08-12 |
2019-02-08 | $0.35 | semi annually | 2019-02-19 |
2018-08-03 | $0.35 | semi annually | 2018-08-13 |
2018-02-09 | $0.35 | semi annually | 2018-02-20 |
2017-08-03 | $0.32 | semi annually | 2017-08-14 |
2017-02-02 | $0.32 | semi annually | 2017-02-13 |
2016-08-11 | $0.32 | semi annually | |
2016-02-19 | $0.32 | semi annually | |
2015-08-06 | $0.32 | semi annually | |
2015-02-19 | $0.32 | semi annually | |
2014-08-14 | $0.32 | semi annually | |
2014-02-20 | $0.32 | semi annually | |
2013-08-07 | $0.32 | semi annually | |
2013-02-13 | $0.32 | semi annually |
Northway Financial Dividend per year
Northway Financial Dividend growth
Northway Financial Dividend Yield
Northway Financial current trailing twelve-month (TTM) dividend yield is 2.16%. Interested in purchasing Northway Financial stock? Use our calculator to estimate your expected dividend yield:
Northway Financial Financial Ratios
Northway Financial Dividend FAQ
Other factors to consider when evaluating Northway Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Northway Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Northway Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Northway Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Northway Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Northway Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Northway Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Northway Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Northway Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Northway Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.