P & F Industries, Inc. (PFIN) to Issue Quarterly Dividend of $0.05 on November 27th

P & F Industries, Inc. (NASDAQ:PFIN) announced a quarterly dividend on Wednesday, November 8th, NASDAQ reports. Stockholders of record on Monday, November 20th will be paid a dividend of 0.05 per share on Monday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Friday, November 17th.

Shares of P & F Industries (PFIN) remained flat at $$7.40 on Friday. 700 shares of the company’s stock traded hands, compared to its average volume of 1,708. The stock has a market capitalization of $26.79, a PE ratio of 148.00 and a beta of 0.43. P & F Industries has a 52 week low of $5.60 and a 52 week high of $8.75.

P & F Industries announced that its Board of Directors has authorized a share repurchase plan on Thursday, August 10th that authorizes the company to buyback 100,000 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Separately, TheStreet raised shares of P & F Industries from a “d+” rating to a “c-” rating in a report on Wednesday, September 6th.

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In other P & F Industries news, Director Howard Brod Brownstein purchased 8,300 shares of the stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $5.99 per share, with a total value of $49,717.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Lawndale Capital Management Ll purchased 16,914 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $5.96 per share, for a total transaction of $100,807.44. The disclosure for this purchase can be found here. 39.80% of the stock is owned by insiders.

A hedge fund recently raised its stake in P & F Industries stock. Vanguard Group Inc. raised its holdings in P & F Industries, Inc. (NASDAQ:PFIN) by 2.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,257 shares of the company’s stock after purchasing an additional 645 shares during the quarter. Vanguard Group Inc. owned 0.67% of P & F Industries worth $148,000 at the end of the most recent reporting period. 15.72% of the stock is owned by hedge funds and other institutional investors.

About P & F Industries

P&F Industries, Inc conducts business through its subsidiaries. The Company operates through two segments: tools and other products (Tools), and hardware and accessories (Hardware). It conducts Tools business through a subsidiary, Continental Tool Group, Inc (Continental), which in turn operates through its subsidiaries, Florida Pneumatic Manufacturing Corporation (Florida Pneumatic) and Hy-Tech Machine, Inc (Hy-Tech).

Dividend History for P & F Industries (NASDAQ:PFIN)

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