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Kevin R. Hoben, the Executive Chairman of Omega Flex (NASDAQ:FLEX), Inc. (NASDAQ:OFLX), recently sold 972 shares of the company’s common stock. The transaction, which took place on June 12, 2025, was executed at a price of $31.55 per share, resulting in a total sale value of $30,666. The sale comes amid a challenging period for the stock, which has declined nearly 30% over the past six months, according to InvestingPro data.
Following this sale, Hoben holds 898,533 shares directly. Additionally, he has an indirect ownership of 340 shares through a 401(k) plan, as per the latest statement dated March 31, 2025.
The transaction was signed off by Susan B. Asch, acting as Attorney-in-fact, on the same day of the transaction.
In other recent news, Omega Flex, Inc. announced a regular quarterly dividend of $0.34 per share. This dividend is scheduled for payment on April 22, 2025, to shareholders recorded by April 10, 2025. The company’s Board of Directors emphasized that future dividends will be evaluated based on several factors, including the company’s cash needs, operational results, and financial status. Additionally, considerations such as capital expenditure plans and potential acquisitions will play a role in determining future dividend amounts. Omega Flex also issued forward-looking statements regarding its expectations for future results, although it cautioned that these are subject to uncertainties. The company stressed that these forward-looking statements reflect current expectations and warned against placing undue reliance on them. Omega Flex clarified it has no obligation to update these statements for events occurring after the release date. This announcement informs shareholders and the market about the upcoming dividend and the company’s approach to dividend determination.
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