Pacific Financial Corporation (PFLC) Declares $0.13 Quarterly Dividend; 5.2% Yield

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Pacific Financial Corp Earns $4.1 Million, or $0.39 per Diluted Share, for First Quarter of 2023; Declares Quarterly Cash Dividend of $0.13 per Share

April 28, 2023 9:00 AM EDT

ABERDEEN, Wash., April 28, 2023 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (Pacific Financial) or the (Company), the holding company for Bank of the Pacific (the Bank), reported net income of $4.1 million, or $0.39 per diluted share for the first quarter 2023, compared to $4.7 million, or $0.45 per diluted share for the fourth quarter of 2022, and $1.7 million, or $0.16 per diluted share for the first quarter of 2022. All results are unaudited.       

The board of directors of Pacific Financial declared a quarterly cash dividend of $0.13 per share on April 26, 2023. The dividend will be payable on May 26, 2023 to shareholders of record... More