Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in North America and internationally. It offers flexible gas piping for use in residential and commercial buildings, as well as its fittings; and corrugated medical tubing for use in hospitals, ambulatory care centers, dental, physician and veterinary clinics, laboratories, and other facilities. The company sells its products under the TracPipe, CounterStrike, AutoSnap, AutoFlare, DoubleTrac, DEF-Trac, and MediTrac brand names. It serves various markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. The company sells its products through independent sales representatives, distributors, original equipment manufacturers, and direct sales, as well as through its website. The company was formerly known as Tofle America, Inc. and changed its name to Omega Flex, Inc. in 1996. Omega Flex, Inc. was incorporated in 1975 and is based in Exton, Pennsylvania.
Omega Flex Dividend Announcement
• Omega Flex announced a quarterly dividend of $0.34 per ordinary share which will be made payable on 2024-10-08. Ex dividend date: 2024-09-26
• Omega Flex annual dividend for 2024 was $1.01
• Omega Flex annual dividend for 2023 was $1.31
• Omega Flex's trailing twelve-month (TTM) dividend yield is 2.61%
• Omega Flex's payout ratio for the trailing twelve months (TTM) is 73.68%
• Omega Flex's dividend growth over the last five years (2018-2023) was 6.86% year
• Omega Flex's dividend growth over the last ten years (2013-2023) was 11.91% year
Omega Flex Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-26 | $0.34 | quarterly | 2024-10-08 |
2024-06-26 | $0.34 | quarterly | 2024-07-10 |
2024-04-09 | $0.33 | quarterly | 2024-04-24 |
2023-12-18 | $0.33 | quarterly | 2024-01-04 |
2023-09-22 | $0.33 | quarterly | 2023-10-06 |
2023-06-23 | $0.33 | quarterly | 2023-07-07 |
2023-04-06 | $0.32 | quarterly | 2023-04-24 |
2022-12-16 | $0.32 | quarterly | 2023-01-04 |
2022-10-11 | $0.32 | quarterly | 2022-10-24 |
2022-06-23 | $0.32 | quarterly | 2022-07-05 |
2022-04-08 | $0.30 | quarterly | 2022-04-25 |
2021-12-20 | $0.30 | quarterly | 2021-12-30 |
2021-09-24 | $0.30 | quarterly | 2021-10-04 |
2021-06-21 | $0.30 | quarterly | 2021-07-06 |
2021-04-01 | $0.28 | quarterly | 2021-04-14 |
2020-12-18 | $0.28 | quarterly | 2021-01-05 |
2020-10-02 | $0.28 | quarterly | 2020-10-13 |
2020-07-02 | $0.28 | quarterly | 2020-07-13 |
2020-04-09 | $0.28 | quarterly | 2020-04-17 |
2019-12-24 | $3.50 | quarterly | 2020-01-03 |
2019-12-23 | $0.28 | quarterly | |
2019-09-19 | $0.28 | quarterly | 2019-10-02 |
2019-06-21 | $0.28 | quarterly | 2019-07-02 |
2019-04-18 | $0.24 | quarterly | 2019-04-29 |
2018-12-21 | $0.24 | quarterly | 2019-01-03 |
2018-09-20 | $0.24 | quarterly | 2018-10-02 |
2018-06-15 | $0.24 | quarterly | 2018-07-03 |
2018-04-20 | $0.22 | quarterly | 2018-04-30 |
2017-12-22 | $0.22 | quarterly | 2018-01-03 |
2017-09-21 | $0.22 | quarterly | 2017-10-03 |
2017-06-16 | $0.22 | quarterly | 2017-07-03 |
2016-12-21 | $0.85 | quarterly | 2017-01-06 |
2015-12-17 | $0.85 | quarterly | 2016-01-06 |
2014-12-18 | $0.49 | quarterly | 2015-01-05 |
2013-12-17 | $0.42 | quarterly | 2014-01-02 |
Omega Flex Dividend per year
Omega Flex Dividend growth
Omega Flex Dividend Yield
Omega Flex current trailing twelve-month (TTM) dividend yield is 2.61%. Interested in purchasing Omega Flex stock? Use our calculator to estimate your expected dividend yield:
Omega Flex Financial Ratios
Omega Flex Dividend FAQ
Other factors to consider when evaluating Omega Flex as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Omega Flex's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Omega Flex publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Omega Flex distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Omega Flex are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Omega Flex sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Omega Flex distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Omega Flex declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Omega Flex's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Omega Flex's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.