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

Key Points

• Omega Flex, Inc. declared a quarterly dividend of $0.34 per share, with an annualized yield of 4.0%, payable on October 8th to shareholders recorded by September 25th.
• The company reported earnings per share of $0.41 and revenue of $25.52 million for the last quarter, showing a return on equity of 20.48% and a net margin of 16.91%.
• As of the latest trading session, Omega Flex stock opened at $34.24, with a market capitalization of $345.48 million and a P/E ratio of 20.38.

Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report) declared a quarterly dividend on Friday, September 12th. Shareholders of record on Thursday, September 25th will be given a dividend of 0.34 per share by the industrial products company on Wednesday, October 8th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, September 25th.

Omega Flex Stock Performance

NASDAQ OFLX opened at $34.24 on Tuesday. The stock's fifty day moving average is $33.87 and its two-hundred day moving average is $33.66. The firm has a market capitalization of $345.48 million, a P/E ratio of 20.38 and a beta of 0.28. Omega Flex has a fifty-two week low of $28.12 and a fifty-two week high of $57.81.

Omega Flex (NASDAQ:OFLX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.41 earnings per share for the quarter. The company had revenue of $25.52 million for the quarter. Omega Flex had a return on equity of 20.48% and a net margin of 16.91%.

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.

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