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

Omega Flex, Inc. (NASDAQ:OFLX) announced a quarterly dividend on Thursday, March 27th, RTT News reports. Shareholders of record on Thursday, April 10th will be given a dividend of 0.34 per share by the industrial products company on Tuesday, April 22nd. This represents a $1.36 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Thursday, April 10th.

Omega Flex has increased its dividend payment by an average of 4.6% annually over the last three years.

Omega Flex Price Performance

OFLX stock opened at $35.36 on Friday. Omega Flex has a 1 year low of $34.39 and a 1 year high of $75.15. The stock’s fifty day moving average price is $38.50 and its 200-day moving average price is $44.53. The company has a market cap of $356.92 million, a P/E ratio of 19.54 and a beta of 0.26.

Omega Flex (NASDAQ:OFLX) last issued its quarterly earnings data on Wednesday, March 5th. The industrial products company reported $0.46 earnings per share for the quarter. Omega Flex had a net margin of 17.71% and a return on equity of 22.68%. The firm had revenue of $26.97 million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com cut Omega Flex from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

About Omega Flex

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.