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

Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Wednesday, June 24th, Fidelity reports. Shareholders of record on Monday, July 6th will be given a dividend of 0.28 per share by the industrial products company on Monday, July 13th. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 2nd.

Shares of NASDAQ OFLX opened at $100.01 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.01 billion, a PE ratio of 58.83 and a beta of 0.76. Omega Flex has a twelve month low of $50.38 and a twelve month high of $119.89. The stock has a fifty day simple moving average of $102.51 and a 200-day simple moving average of $94.67.

Omega Flex (NASDAQ:OFLX) last released its earnings results on Thursday, April 16th. The industrial products company reported $0.43 earnings per share for the quarter. Omega Flex had a return on equity of 31.92% and a net margin of 15.70%. The company had revenue of $25.27 million during the quarter.

Separately, BidaskClub downgraded Omega Flex from a “hold” rating to a “sell” rating in a report on Tuesday, June 16th.

An institutional investor recently raised its position in Omega Flex stock. Morgan Stanley increased its position in shares of Omega Flex, Inc. (NASDAQ:OFLX) by 15.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,786 shares of the industrial products company’s stock after buying an additional 3,391 shares during the quarter. Morgan Stanley owned about 0.26% of Omega Flex worth $2,176,000 as of its most recent SEC filing. 32.29% of the stock is owned by institutional investors and hedge funds.

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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