Pacific Financial Corporation (PFLC) Declares $0.13 Quarterly Dividend; 4.6% Yield

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Pacific Financial Corp Earns $1.7 Million, or $0.16 per Diluted Share, for First Quarter of 2022; Declares Quarterly Cash Dividend of $0.13 per Share

April 29, 2022 9:00 AM EDT

ABERDEEN, Wash., April 29, 2022 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (Pacific Financial) or the (Company), the holding company for Bank of the Pacific (the Bank), today reported net income of $1.7 million, or $0.16 per diluted share for the first quarter of 2022, compared to $2.1 million, or $0.20 per diluted share for the fourth quarter of 2021, and $4.2 million, or $0.40 per diluted share for the first quarter of 2021.   All results are unaudited.  

The board of directors of Pacific Financial declared a quarterly cash dividend of $0.13 per share on April 27, 2022. The dividend will be payable on May 27, 2022... More