Omega Flex, Inc. (NASDAQ:OFLX) Plans 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) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 23rd.

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

Omega Flex Stock Performance

Shares of OFLX stock opened at $30.92 on Friday. The firm has a market cap of $311.98 million, a P/E ratio of 23.25 and a beta of 0.47. Omega Flex has a fifty-two week low of $25.58 and a fifty-two week high of $37.92. The business’s 50 day moving average price is $31.14 and its 200-day moving average price is $31.45.

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

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.