Omega Flex, Inc. (NASDAQ:OFLX) Announces $0.34 Quarterly Dividend

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Friday, December 5th. Investors of record on Friday, December 19th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, December 19th.

Omega Flex has decreased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 7 years.

Omega Flex Stock Down 0.8%

Shares of OFLX stock traded down $0.27 during trading on Wednesday, reaching $30.95. The company’s stock had a trading volume of 24,556 shares, compared to its average volume of 31,396. Omega Flex has a one year low of $25.58 and a one year high of $44.71. The business has a fifty day moving average price of $28.20 and a 200-day moving average price of $31.61. The company has a market cap of $312.24 million, a price-to-earnings ratio of 19.46 and a beta of 0.40.

Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings results on Friday, October 31st. The industrial products company reported $0.37 earnings per share (EPS) for the quarter. Omega Flex had a net margin of 16.08% and a return on equity of 19.24%. The firm had revenue of $24.23 million for the quarter.

About Omega Flex

Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings; fittings; containment pining; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.