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

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Wednesday, March 25th. 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) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date 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 raised its dividend annually for the last 7 consecutive years.

Omega Flex Trading Up 1.6%

Shares of Omega Flex stock opened at $30.25 on Thursday. The business’s fifty day moving average price is $33.50 and its 200 day moving average price is $31.02. Omega Flex has a twelve month low of $25.58 and a twelve month high of $37.92. The stock has a market capitalization of $305.34 million, a P/E ratio of 20.58 and a beta of 0.42.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Omega Flex in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Omega Flex has a consensus rating of “Sell”.

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.