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

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.34 per share by the industrial products company on Tuesday, July 7th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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

Omega Flex Trading Up 1.4%

Shares of NASDAQ OFLX opened at $30.92 on Friday. Omega Flex has a 12-month low of $25.58 and a 12-month high of $37.92. The stock has a market capitalization of $311.98 million, a price-to-earnings ratio of 23.25 and a beta of 0.47. The firm’s 50-day moving average price is $31.14 and its 200-day moving average price is $31.45.

Omega Flex (NASDAQ:OFLX) last posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.21 earnings per share for the quarter. Omega Flex had a net margin of 13.60% and a return on equity of 15.94%. The company had revenue of $23.09 million for the quarter.

About Omega Flex

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.