MELVILLE, N.Y., March 21,
2023 /PRNewswire/ -- P&F Industries, Inc.
(NASDAQ: PFIN) today announced that its Board of Directors approved
a dividend policy under which the Company intends to declare a cash
dividend to the Company's stockholders in the amount of
$0.20 per share per annum, payable in
equal quarterly installments. In conjunction therewith, the
Company's Board of Directors declared a quarterly cash dividend of
$0.05 per share to stockholders of
record at the close of business on March
31, 2023. This dividend is payable on April 6, 2023.
Future dividend declarations are subject to the Board of
Directors' continuing determination that the dividend policy is in
the best interests of the Company's stockholders and in compliance
with applicable law. The dividend policy may be suspended or
cancelled at the discretion of the Board of Directors at any
time.
Safe Harbor Statement.
This is a Safe-Harbor Statement under the Private Securities
Litigation Reform Act of 1995. Any forward-looking statements
contained herein, including those related to the Company's future
performance, and those contained in the comments of management, are
based upon the Company's historical performance and on current
plans, estimates and expectations, which are subject to various
risks and uncertainties, including, but not limited to those risks
and uncertainties described in the Company's most recent Annual
Report on Form 10-K, and its other reports and statements filed by
the Company with the Securities and Exchange Commission. These
risks could cause the Company's actual results in future periods to
differ materially from those expressed in any forward-looking
statement made by or on behalf of the Company. Forward-looking
statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update publicly or revise
any forward-looking statement, whether as a result of new
information, future developments or otherwise.
About P&F Industries, Inc.
P&F Industries, Inc., through its wholly owned subsidiaries,
is a manufacturer and importer of air-powered tools and accessories
sold principally to the aerospace, industrial, automotive, and
retail markets. P&F's products are sold under its own
trademarks, as well as under the private labels of major
manufacturers and retailers.
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SOURCE P&F Industries, Inc.