Omega Flex, Inc. (NASDAQ:OFLX) Plans $0.33 Dividend

Omega Flex, Inc. (NASDAQ:OFLXGet Free Report) announced a dividend on Tuesday, April 2nd, investing.com reports. Stockholders of record on Wednesday, April 10th will be given a dividend of 0.33 per share by the industrial products company on Wednesday, April 24th. This represents a dividend yield of 1.86%. The ex-dividend date is Tuesday, April 9th.

Omega Flex has increased its dividend by an average of 5.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

Omega Flex Trading Up 1.6 %

Shares of Omega Flex stock opened at $72.10 on Tuesday. Omega Flex has a twelve month low of $63.43 and a twelve month high of $117.63. The firm has a market capitalization of $727.49 million, a PE ratio of 35.17 and a beta of 0.37. The firm’s 50-day moving average price is $70.91 and its 200 day moving average price is $73.34.

Omega Flex (NASDAQ:OFLXGet Free Report) last announced its earnings results on Wednesday, March 6th. The industrial products company reported $0.48 EPS for the quarter. The business had revenue of $28.15 million during the quarter. Omega Flex had a return on equity of 27.24% and a net margin of 18.63%.

Institutional Investors Weigh In On Omega Flex

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in Omega Flex during the third quarter worth about $36,000. UBS Group AG boosted its holdings in shares of Omega Flex by 236.2% during the 2nd quarter. UBS Group AG now owns 595 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 418 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Omega Flex by 240.0% in the first quarter. Tower Research Capital LLC TRC now owns 663 shares of the industrial products company’s stock valued at $74,000 after purchasing an additional 468 shares in the last quarter. State of Wyoming purchased a new stake in shares of Omega Flex in the second quarter valued at approximately $81,000. Finally, Barclays PLC increased its holdings in shares of Omega Flex by 535.5% in the fourth quarter. Barclays PLC now owns 877 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 739 shares during the last quarter. 36.06% of the stock is currently owned by institutional investors and hedge funds.

Omega Flex Company Profile

(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; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities.

Further Reading

Dividend History for Omega Flex (NASDAQ:OFLX)

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