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

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Thursday, September 26th will be paid a dividend of 0.34 per share by the industrial products company on Tuesday, October 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 26th.

Omega Flex has raised its dividend payment by an average of 5.4% annually over the last three years and has increased its dividend every year for the last 7 years.

Omega Flex Price Performance

Shares of NASDAQ OFLX opened at $49.29 on Friday. Omega Flex has a 1 year low of $43.86 and a 1 year high of $87.86. The company’s fifty day moving average price is $48.75 and its 200 day moving average price is $59.34.

Omega Flex (NASDAQ:OFLX) last posted its earnings results on Wednesday, July 31st. The industrial products company reported $0.45 EPS for the quarter. Omega Flex had a return on equity of 24.24% and a net margin of 18.18%. The firm had revenue of $24.62 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Omega Flex from a “hold” rating to a “buy” rating in a research report on Friday, August 9th.

Omega Flex Company Profile

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