SYS-CON MEDIA Authors: Kevin Benedict, Gilad Parann-Nissany, Michael Bushong, Eric Brown

News Feed Item

Northway Financial, Inc. Declares Semi-Annual Cash Dividend of $0.32 per Share

NORTH CONWAY, NH -- (Marketwired) -- 02/12/14 -- The Board of Directors of Northway Financial, Inc. (the "Company") (OTCQB: NWYF) has declared a semi-annual common stock cash dividend of $0.32 per share, payable on March 3, 2014, to stockholders of record on February 24, 2014. The payment of this dividend results in a 26% payout ratio based on net income available to common stockholders. Based on a share price of $16.83 on February 11, 2014, this semi-annual dividend, when annualized, results in a divided yield of approximately 3.8%. The Company's common stock is available through brokers and is traded on the OTC Bulletin Board under the stock symbol "NWYF."

Northway Financial, Inc., headquartered in North Conway, New Hampshire, is a bank holding company. Through its subsidiary bank, Northway Bank, the Company offers a broad range of financial products and services to individuals, businesses and the public sector from its 18 full-service banking offices and its loan production offices located in Bedford and Portsmouth, New Hampshire.

Forward-looking Statements

Statements included in this press release that are not historical or current fact are "forward-looking statements" made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Northway Financial, Inc. disclaims any obligation to subsequently revise any forward-looking statements to reflect events or circumstances after the date of such statements, or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Russell A. Cronin, Jr.
Senior Vice President
and Chief Financial Officer

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.