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

Rhea-AI Summary

Omega Flex, a leading provider of flexible metal hose, announced a regular quarterly dividend of $0.34 per share for Q2 2024. The dividend will be paid on July 10, 2024, to shareholders of record by June 26, 2024. Future dividends will be determined based on the company's cash needs, operational results, financial condition, capital expenditure plans, and potential acquisitions.

Positive

• Declaration of a regular quarterly dividend of $0.34 per share, indicating consistent shareholder returns.
• Payment scheduled for July 10, 2024, providing a definite date for investors to expect returns.

Negative

• Future dividend amounts are uncertain and dependent on various factors, adding unpredictability for investors.
• No additional financial data, earnings, or revenue updates were provided, limiting the context for the dividend decision.

EXTON, Pa., June 13, 2024 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) today announced that the Board of Directors declared a regular quarterly dividend of $0.34 per share payable on July 10, 2024, to shareholders of record on June 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.

FAQ

What dividend did Omega Flex announce for Q2 2024?

Omega Flex announced a regular quarterly dividend of $0.34 per share for Q2 2024.

When will the Omega Flex Q2 2024 dividend be paid?

The Q2 2024 dividend will be paid on July 10, 2024.

What is the record date for the Omega Flex Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 26, 2024.

What factors will determine future Omega Flex dividends?

Future dividends will be based on Omega Flex's cash needs, operational results, financial condition, capital expenditure plans, and potential acquisitions.

What is the stock symbol for Omega Flex?

The stock symbol for Omega Flex is OFLX.