Omega Flex, Inc. Announces Regular Quarterly Dividend for the First Quarter 2025

Rhea-AI Summary

Omega Flex (NASDAQ: OFLX) has announced its regular quarterly dividend for the first quarter of 2025. The Board of Directors has declared a dividend of $0.34 per share, which will be paid on April 22, 2025, to shareholders of record as of April 10, 2025.

The company's Board will continue to determine future quarterly dividend amounts based on several factors, including: cash requirements, operational results, financial condition, capital expenditure plans, and potential acquisitions.

Positive

• Regular quarterly dividend maintained at $0.34 per share

Negative

• None.

EXTON, Pa., March 27, 2025 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on April 22, 2025, to shareholders of record on April 10, 2025.   In determining the amount of future regular quarterly dividends, the Board will review the cash needs of the Company, and based on results of operations, financial condition, capital expenditure plans, and consideration of possible acquisitions, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis the amount of a regular quarterly dividend.

INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS – This press release contains forward-looking statements, which are subject to inherent uncertainties which are difficult to predict and may be beyond the ability of Omega Flex to control. Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are not historical facts, but rather reflect Omega Flex’s current expectations concerning future results and events. The words “believes,” “expects,” “intends,” “plans,” “anticipates,” “hopes,” “likely,” “will,” and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance, or achievements of Omega Flex (or entities in which Omega Flex has interests) or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management’s view only as of the date of this press release. Omega Flex undertakes no obligation to publicly release the result of any revisions to these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, conditions, or circumstances.

Contact: Dean W. Rivest
(610) 524-7272

FAQ

What is the Q1 2025 dividend amount for Omega Flex (OFLX) stock?

Omega Flex (OFLX) declared a quarterly dividend of $0.34 per share for Q1 2025.

When is the payment date for OFLX's Q1 2025 dividend?

The Q1 2025 dividend will be paid on April 22, 2025.

What is the record date for Omega Flex's Q1 2025 dividend?

Shareholders must own OFLX stock by April 10, 2025 to receive the Q1 dividend.

What factors determine OFLX's quarterly dividend amounts?

The Board considers cash needs, operational results, financial condition, capital expenditure plans, and potential acquisitions when determining dividend amounts.