Omega Flex, Inc. Announces Quarterly Dividend of $0.28 (NASDAQ:OFLX)

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Friday, September 6th, NASDAQ reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.28 per share by the industrial products company on Wednesday, October 2nd. This represents a $1.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, September 19th.

Shares of OFLX opened at $99.02 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.52 and a quick ratio of 3.94. The stock has a 50-day moving average of $82.93 and a 200-day moving average of $81.35. The company has a market cap of $989.95 million, a PE ratio of 50.81 and a beta of 0.82. Omega Flex has a one year low of $51.02 and a one year high of $99.40.

Omega Flex (NASDAQ:OFLX) last issued its earnings results on Thursday, July 18th. The industrial products company reported $0.39 EPS for the quarter. The company had revenue of $26.81 million during the quarter. Omega Flex had a return on equity of 29.03% and a net margin of 17.84%.

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

About Omega Flex

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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