Omega Flex, Inc. (OFLX) to Issue Quarterly Dividend of $0.24 on April 29th

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Wednesday, April 10th, Wall Street Journal reports. Shareholders of record on Monday, April 22nd will be given a dividend of 0.24 per share by the industrial products company on Monday, April 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, April 18th.

OFLX stock opened at $79.54 on Wednesday. The company has a market cap of $805.83 million, a PE ratio of 40.13 and a beta of 1.08. Omega Flex has a one year low of $51.02 and a one year high of $95.00.

Omega Flex (NASDAQ:OFLX) last released its quarterly earnings results on Thursday, February 7th. The industrial products company reported $0.60 EPS for the quarter. The firm had revenue of $28.87 million for the quarter. Omega Flex had a net margin of 18.59% and a return on equity of 32.25%.

An institutional investor recently raised its position in Omega Flex stock. Geode Capital Management LLC increased its position in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,630 shares of the industrial products company’s stock after buying an additional 2,326 shares during the quarter. Geode Capital Management LLC owned about 0.46% of Omega Flex worth $2,521,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 27.06% of the company’s stock.

Separately, BidaskClub lowered shares of Omega Flex from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

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Omega Flex Company Profile

Omega Flex, Inc, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.

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Dividend History for Omega Flex (NASDAQ:OFLX)

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