EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX), a leader in the flexible metal hose industry, has announced a regular quarterly dividend of $0.33 per share. The dividend will be payable on January 4, 2024, to shareholders who are on record as of December 19, 2023.
The declaration was made by the company’s Board of Directors earlier this week. The Board regularly reviews the company’s cash needs, its operational results, financial health, plans for capital expenditure, and potential acquisition opportunities. These factors, along with others that the Board deems relevant, will influence the determination of future regular quarterly dividends.
This announcement comes as Omega Flex continues to empower its shareholders through regular dividends. However, at the close of trading on Friday, December 8, 2023, Omega Flex’s stock price stood at $77.71, marking a slight dip of $0.29 (0.37%).
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