Omega Flex sets quarterly dividend at $0.34 per share

EXTON, Pa. - Omega Flex, Inc. (NASDAQ: OFLX), a leading manufacturer of flexible metal piping, announced today that its Board of Directors has declared a regular quarterly dividend of $0.34 per share, representing a 3.69% yield. The dividend is payable on April 22, 2025, to shareholders of record as of April 10, 2025. According to InvestingPro, the company has maintained dividend payments for 13 consecutive years, with increases in the last four years.

The company’s Board of Directors stated that future regular quarterly dividends will be considered in light of the company’s cash needs, operational results, financial status, capital expenditure plans, and potential acquisitions. The company maintains strong financial health with impressive gross profit margins of 61% and holds more cash than debt on its balance sheet. Additionally, the Board will take into account other relevant factors in determining the dividend amount on a quarterly basis.

The press release also contained forward-looking statements regarding Omega Flex’s expectations for future results and events. These statements are subject to inherent uncertainties that are difficult to predict and may be beyond the company’s control. They include management’s beliefs and expectations about future performance and reflect the company’s current expectations as of the date of the press release. Omega Flex cautions readers not to place undue reliance on these forward-looking statements.

The company has made clear that it has no obligation to update any forward-looking statements to reflect events or circumstances that arise after the date of the press release. These may include revisions to reflect new events or unanticipated conditions.

This announcement is based on a press release statement from Omega Flex, Inc. and provides shareholders and the market with information about the upcoming dividend payment and insights into the company’s approach to determining dividend amounts. With the stock trading near its 52-week low, InvestingPro analysis suggests the company may be undervalued, with additional insights and Fair Value estimates available to subscribers.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.