Omega Flex, Inc. (OFLX) To Go Ex-Dividend on April 9th

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Tuesday, March 24th. Investors of record on Thursday, April 9th will be paid a dividend of 0.34 per share by the industrial products company on Tuesday, April 21st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 9th.

Omega Flex has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 7 consecutive years.

Omega Flex Trading Up 0.6%

Shares of NASDAQ OFLX opened at $32.47 on Tuesday. Omega Flex has a 12-month low of $25.58 and a 12-month high of $37.92. The stock has a market cap of $327.75 million, a PE ratio of 22.09 and a beta of 0.49. The company has a 50-day moving average of $33.24 and a 200 day moving average of $30.83.

Omega Flex (NASDAQ:OFLX) last announced its quarterly earnings data on Thursday, March 12th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter. Omega Flex had a net margin of 15.08% and a return on equity of 17.68%. The company had revenue of $25.21 million during the quarter.

Omega Flex Company Profile

Omega Flex, Inc designs, manufactures and distributes flexible metal tubing and related products that enable the safe and efficient conveyance of natural gas and other hydrocarbon fuels. The company’s engineered solutions offer leak-resistant connections and installation flexibility, serving original equipment manufacturers, distributors and end-users across residential, commercial and industrial markets.

Its product portfolio includes corrugated stainless steel tubing (CSST), stainless steel hose assemblies, mechanical connectors, fittings, leak detection equipment and specialized installation tools.