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

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Thursday, June 11th. Shareholders 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) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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

Omega Flex Price Performance

NASDAQ:OFLX opened at $30.88 on Friday. The firm has a 50-day moving average of $31.12 and a two-hundred day moving average of $31.45. The stock has a market cap of $311.58 million, a P/E ratio of 23.22 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 posted its quarterly earnings data on Friday, May 1st. The industrial products company reported $0.21 earnings per share for the quarter. The company had revenue of $23.09 million during 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.