Omega Flex, Inc. (OFLX) To Go Ex-Dividend on June 23rd

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Tuesday, June 9th. Stockholders of record on Tuesday, June 23rd will be given 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 by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years.

Omega Flex Stock Performance

Shares of Omega Flex stock opened at $31.15 on Friday. The company’s fifty day simple moving average is $30.96 and its 200-day simple moving average is $31.59. The company has a market cap of $314.30 million, a price-to-earnings ratio of 23.42 and a beta of 0.47. Omega Flex has a 1 year low of $25.58 and a 1 year high of $37.92.

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

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.