P&F Industries, Inc. Announces Quarterly Dividend of $0.05 (NASDAQ:PFIN)

P&F Industries, Inc. (NASDAQ:PFIN) announced a quarterly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Tuesday, November 21st will be given a dividend of 0.05 per share on Wednesday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 20th.

P&F Industries Stock Performance

P&F Industries stock opened at $12.90 on Friday. The business’s 50-day simple moving average is $9.84 and its two-hundred day simple moving average is $7.69. The company has a market cap of $41.14 million, a PE ratio of 99.19 and a beta of 0.37. P&F Industries has a fifty-two week low of $4.90 and a fifty-two week high of $12.93.

Institutional Trading of P&F Industries

A hedge fund recently bought a new stake in P&F Industries stock. Blair William & Co. IL bought a new position in P&F Industries, Inc. (NASDAQ:PFIN) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $66,000. Blair William & Co. IL owned about 0.35% of P&F Industries as of its most recent SEC filing. Institutional investors own 4.88% of the company’s stock.

About P&F Industries

P&F Industries, Inc, through its subsidiaries, designs, imports, manufactures, and sells pneumatic hand tools primarily to the retail, industrial, automotive, and aerospace markets primarily in the United States. The company provides sanders, grinders, drills, saws, and impact wrenches under the Florida Pneumatic, Universal Tool, Jiffy Air Tool, AIRCAT, and NITROCAT names, as well as under private label trade names through in-house sales personnel and manufacturers' representatives to retailers, distributors, manufacturers, and private label customers.