Omega Flex, Inc. (OFLX) To Go Ex-Dividend on September 30th

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Friday, September 18th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.34 per share by the industrial products company on Wednesday, October 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Omega Flex has increased its dividend 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 Stock Performance

Omega Flex stock opened at $25.54 on Monday. Omega Flex has a fifty-two week low of $24.86 and a fifty-two week high of $37.92. The company has a market capitalization of $257.70 million, a P/E ratio of 21.46 and a beta of 0.45. The stock has a 50-day simple moving average of $27.85 and a 200-day simple moving average of $29.70.

Omega Flex (NASDAQ:OFLX) last released its quarterly earnings results on Thursday, August 13th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter. Omega Flex had a return on equity of 14.26% and a net margin of 12.27%.The firm had revenue of $24.06 million for the quarter.

About Omega Flex

Omega Flex, Inc is a manufacturer of flexible metal tubing and related products used primarily in gas piping applications. The company’s products are designed to provide an alternative to rigid piping and are used to distribute natural gas and propane in residential, commercial, and industrial buildings.

Its product portfolio includes corrugated stainless steel tubing systems marketed under brands such as TracPipe and CounterStrike, along with associated fittings, manifolds, termination components, and installation accessories.