Omega Flex, Inc. (OFLX) to Issue Quarterly Dividend of $0.28 on July 13th
Omega Flex, Inc. (NASDAQ:OFLX) declared a quarterly dividend on Wednesday, June 24th, Fidelity reports. Investors 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 dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 2nd.
Omega Flex stock opened at $100.01 on Tuesday. Omega Flex has a 52-week low of $50.38 and a 52-week high of $119.89. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 58.83 and a beta of 0.76. The firm’s fifty day moving average is $102.51 and its 200 day moving average is $94.67. The company has a quick ratio of 2.08, a current ratio of 2.83 and a debt-to-equity ratio of 0.01.
Omega Flex (NASDAQ:OFLX) last announced its earnings results on Thursday, April 16th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter. Omega Flex had a net margin of 15.70% and a return on equity of 31.92%. The firm had revenue of $25.27 million for the quarter.
An institutional investor recently raised its position in Omega Flex stock. Morgan Stanley grew its holdings in Omega Flex, Inc. (NASDAQ:OFLX) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,786 shares of the industrial products company’s stock after purchasing an additional 3,391 shares during the period. Morgan Stanley owned about 0.26% of Omega Flex worth $2,176,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 32.29% of the company’s stock.
Omega Flex Company Profile
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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