EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) announced that its Board of Directors has declared a regular quarterly dividend of $0.34 per share. The dividend will be payable on July 10, 2024, to shareholders of record as of June 26, 2024.
Going forward, the Board will evaluate the amount of future dividends on a quarterly basis. This evaluation will take into account various factors including the company’s operational results, financial condition, and capital expenditure plans. Potential acquisitions and other relevant considerations will also play a role in these decisions.
The company’s approach to dividends highlights its prudent financial management. By assessing cash needs and overall financial health regularly, Omega Flex aims to balance rewarding shareholders with maintaining resources for growth and acquisitions.
As Omega Flex navigates the complexities of its industry, this dividend declaration signals confidence in its financial stability and future prospects.
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