Pacific Financial said on April 26, 2023 that its board of directors declared a regular quarterly dividend of $0.13 per share ($0.52 annualized). Previously, the company paid $0.13 per share.
Shares must be purchased before the ex-div date of May 11, 2023 to qualify for the dividend. Shareholders of record as of May 12, 2023 will receive the payment on May 26, 2023.
At the current share price of $10.45 / share, the stock's dividend yield is 4.98%.
Looking back five years and taking a sample every week, the average dividend yield has been 3.59%, the lowest has been 1.96%, and the highest has been 7.37%. The standard deviation of yields is 1.16 (n=202).
The current dividend yield is 1.19 standard deviations above the historical average.
The company's 3-Year dividend growth rate is 0.18%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 2 funds or institutions reporting positions in Pacific Financial. This is an increase of 1 owner(s) or 100.00% in the last quarter. Average portfolio weight of all funds dedicated to PFLC is 0.04%, a decrease of 83.04%. Total shares owned by institutions decreased in the last three months by 82.98% to 44K shares.
What are Other Shareholders Doing?
Banc Funds Co holds 36K shares. In it's prior filing, the firm reported owning 261K shares, representing a decrease of 626.65%. The firm decreased its portfolio allocation in PFLC by 99.99% over the last quarter.
TMVAX - RBC Microcap Value Fund A Shares holds 8K shares.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
