Omega Flex, Inc. Announces Regular Quarterly Dividend for the Third Quarter 2024

Rhea-AI Summary

Omega Flex, Inc. (NASDAQ: OFLX) has announced a regular quarterly dividend of $0.34 per share for the third quarter of 2024. The dividend is payable on October 8, 2024, to shareholders of record as of September 26, 2024. The company's Board of Directors determines the dividend amount quarterly, considering factors such as cash needs, financial condition, capital expenditure plans, and potential acquisitions. This decision reflects Omega Flex's commitment to returning value to shareholders while maintaining financial flexibility for future growth opportunities.

Positive

• Consistent quarterly dividend payout of $0.34 per share
• Board's commitment to regular dividend reviews based on company performance and financial needs

Negative

• None.

News Market Reaction

+1.32%

1 alert

+1.32% News Effect

On the day this news was published, OFLX gained 1.32%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

EXTON, Pa., Sept. 11, 2024 (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 October 8, 2024, to shareholders of record on September 26, 2024. 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 dividend amount for Omega Flex (OFLX) for Q3 2024?

Omega Flex (OFLX) has declared a regular quarterly dividend of $0.34 per share for the third quarter of 2024.

When is the dividend payable for Omega Flex (OFLX) shareholders?

The dividend is payable on October 8, 2024, to Omega Flex (OFLX) shareholders of record as of September 26, 2024.

How does Omega Flex (OFLX) determine its quarterly dividend amount?

Omega Flex's Board of Directors reviews the company's cash needs, operations results, financial condition, capital expenditure plans, and potential acquisitions to determine the quarterly dividend amount.

Has Omega Flex (OFLX) changed its dividend payout for Q3 2024?

The press release does not indicate any change in the dividend amount. Omega Flex (OFLX) has declared a regular quarterly dividend of $0.34 per share for Q3 2024.