Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report) announced a quarterly dividend on Tuesday, March 25th, 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 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Thursday, April 10th.
Omega Flex has raised its dividend by an average of 4.6% annually over the last three years.
Omega Flex Trading Down 1.6 %
Shares of Omega Flex stock traded down $0.58 during trading on Monday, hitting $34.78. The stock had a trading volume of 37,955 shares, compared to its average volume of 23,752. The firm has a market cap of $351.07 million, a price-to-earnings ratio of 19.22 and a beta of 0.26. Omega Flex has a 12 month low of $34.39 and a 12 month high of $75.15. The business's 50-day moving average is $38.38 and its 200 day moving average is $44.37.
Omega Flex (NASDAQ:OFLX - Get Free Report) last announced its earnings results on Wednesday, March 5th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter. Omega Flex had a net margin of 17.71% and a return on equity of 22.68%. The business had revenue of $26.97 million during the quarter.
Analyst Ratings Changes
Separately, StockNews.com lowered Omega Flex from a "buy" rating to a "hold" rating in a research note on Friday, March 7th.
Read Our Latest Stock Analysis on Omega Flex
About Omega Flex
(
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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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