Omega Flex, Inc. (NASDAQ:OFLX - Get Free Report) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Thursday, December 19th will be paid a dividend of 0.34 per share by the industrial products company on Tuesday, January 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 19th.
Omega Flex has raised its dividend by an average of 5.4% annually over the last three years and has increased its dividend annually for the last 7 consecutive years.
Omega Flex Stock Performance
Shares of NASDAQ:OFLX traded down $0.36 during trading hours on Friday, hitting $47.28. The stock had a trading volume of 10,149 shares, compared to its average volume of 20,342. The stock's fifty day simple moving average is $50.31 and its 200 day simple moving average is $51.57. The firm has a market capitalization of $477.06 million, a price-to-earnings ratio of 26.12 and a beta of 0.37. Omega Flex has a 1-year low of $43.86 and a 1-year high of $85.92.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Omega Flex from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th.
View Our Latest Stock Analysis on OFLX
About Omega Flex
(
Get Free Report)
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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