Northway Financial, Inc. Declares Semi-Annual Cash Dividend, Payable on August 10, 2020
July 31, 2020 at 08:00 am
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The Board of Directors of Northway Financial, Inc. has declared a semi-annual cash dividend of $0.35 per share, payable on August 10, 2020, to common stockholders of record on August 3, 2020 Based on a share price of $23.35 on July 24, 2020, this semi-annual dividend, when annualized, results in a dividend yield of approximately 2.17%.
Northway Financial, Inc. is a bank holding company for Northway Bank (the Bank). The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in securities, commercial loans, real estate loans and consumer loans. It has six segments. Residential segment offers first lien mortgages and home equity loans. Construction segment offers residential construction and commercial real estate construction loans. Commercial segment offers loans, which are secured primarily by income-producing investor-owned or owner-occupied business properties. Commercial segment offers loans, which are made to businesses and are generally secured by assets of the business. Consumer segment offers automobile and aircraft loans, and repayment is dependent on the credit quality of the individual borrower. Municipal segment offers loans, which are generally unsecured, and repayment is dependent on the tax assessments of the local municipalities.
NORTHWAY FINANCIAL, INC. 
