Omega Flex, Inc. Announces Regular Quarterly Dividend

Rhea-AI Summary

Omega Flex (NASDAQ: OFLX) announced a quarterly dividend of $0.28 per share, payable on July 13, 2020, to shareholders of record on July 6, 2020. The company's Board of Directors will review future dividend amounts based on operational performance, financial condition, capital expenditure plans, and potential acquisitions. This announcement highlights the company's confidence in its financial health and commitment to returning value to shareholders.

Positive

• Regular quarterly dividend of $0.28 per share enhances shareholder income.
• Board shows commitment to future dividends based on company performance.

Negative

• None.

EXTON, Pa., June 24, 2020 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that the Board of Directors declared a regular quarterly dividend of $0.28 per share payable on July 13, 2020 to shareholders of record on July 6, 2020.  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.

This news release contains forward-looking statements, which are subject to inherent uncertainties which are difficult to predict, and may be beyond the ability of our control.

Certain statements in this news release constitute forward-looking statements with the meaning of the Private Securities Litigation Reform act of 1995, that are not historical facts but rather reflect our 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 the Company (including its subsidiaries and affiliates) 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 news release.  We undertake 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.

Kevin R. Hoben
(860) 704-6820

 

FAQ

What is the dividend amount for Omega Flex?

Omega Flex declared a quarterly dividend of $0.28 per share.

When is the dividend payable for OFLX?

The dividend is payable on July 13, 2020.

When is the record date for the Omega Flex dividend?

The record date for the dividend is July 6, 2020.

How often does Omega Flex pay dividends?

Omega Flex pays dividends on a quarterly basis.

What factors does Omega Flex consider for future dividends?

The Board will consider cash needs, operational results, financial condition, capital expenditures, and potential acquisitions.