P&F INDUSTRIES, INC. REPORTS APPROVAL OF QUARTERLY DIVIDEND PLAN AND DECLARATION OF QUARTERLY DIVIDEND

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.