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

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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.

Omega Flex, Inc. (NASDAQ: OFLX) ha annunciato un dividendo trimestrale regolare di $0,34 per azione per il terzo trimestre del 2024. Il dividendo sarà pagato il 8 ottobre 2024, agli azionisti registrati fino al 26 settembre 2024. L'importo del dividendo viene determinato trimestralmente dal Consiglio di Amministrazione dell'azienda, tenendo conto di fattori come le necessità di cassa, la situazione finanziaria, i piani di spesa in conto capitale e potenziali acquisizioni. Questa decisione riflette l'impegno di Omega Flex a restituire valore agli azionisti mantenendo al contempo la flessibilità finanziaria per future opportunità di crescita.

Omega Flex, Inc. (NASDAQ: OFLX) ha anunciado un dividendo trimestral regular de $0.34 por acción para el tercer trimestre de 2024. El dividendo se pagará el 8 de octubre de 2024 a los accionistas registrados hasta el 26 de septiembre de 2024. La Junta Directiva de la empresa determina el monto del dividendo de forma trimestral, considerando factores como las necesidades de efectivo, la situación financiera, los planes de gastos de capital y posibles adquisiciones. Esta decisión refleja el compromiso de Omega Flex de devolver valor a los accionistas mientras mantiene la flexibilidad financiera para futuras oportunidades de crecimiento.

오메가 플렉스 주식회사 (NASDAQ: OFLX)는 2024년 3분기에 대한 정기 분기 배당금으로 $0.34 주당 지급할 것을 발표했습니다. 배당금은 2024년 10월 8일에 지급되며, 2024년 9월 26일 기준 주주에게 지급됩니다. 회사의 이사회는 현금 요구, 재무 상태, 자본 지출 계획 및 잠재적 인수와 같은 요소를 고려하여 분기마다 배당금 액수를 결정합니다. 이 결정은 오메가 플렉스가 주주에게 가치를 반환하면서도 미래 성장 기회를 위한 재정적 유연성을 유지하겠다는 의지를 반영합니다.

Omega Flex, Inc. (NASDAQ: OFLX) a annoncé un dividende trimestriel régulier de 0,34 $ par action pour le troisième trimestre de 2024. Le dividende sera payable le 8 octobre 2024 aux actionnaires enregistrés au 26 septembre 2024. Le conseil d'administration de l'entreprise détermine le montant du dividende chaque trimestre, en tenant compte de facteurs tels que les besoins en trésorerie, la situation financière, les plans d'investissement en capital et les acquisitions potentielles. Cette décision reflète l'engagement d'Omega Flex à restituer de la valeur aux actionnaires tout en maintenant la flexibilité financière pour de futures opportunités de croissance.

Omega Flex, Inc. (NASDAQ: OFLX) hat eine reguläre vierteljährliche Dividende von 0,34 $ pro Aktie für das dritte Quartal 2024 angekündigt. Die Dividende wird am 8. Oktober 2024 an die Aktionäre ausgezahlt, die bis zum 26. September 2024 im Aktienregister stehen. Der Vorstand des Unternehmens bestimmt die Höhe der Dividende vierteljährlich unter Berücksichtigung von Faktoren wie Bargeldbedarf, finanzieller Lage, Investitionsplänen und potenziellen Akquisitionen. Diese Entscheidung spiegelt das Engagement von Omega Flex wider, den Aktionären Werte zurückzugeben und gleichzeitig die finanzielle Flexibilität für zukünftige Wachstumschancen zu erhalten.

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.

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.

Omega Flex, Inc.

NASDAQ:OFLX

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Specialty Industrial Machinery
Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
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United States of America
EXTON