Omega Flex Inc   (OFLX)
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OFLX's Dividend Pay out ratio over the 12 Months Period

Cumulative by Quarter, Trailing twelve months

Omega Flex Inc 12 Months dividend pay out ratio, in the first quarter 2024, sequentially increased to 72.18% in the first quarter 2024, yet the ratio remained below the average.

Within Energy sector 12 other companies have achieved higher 12 Months dividend pay out ratio. While in terms of ranking among all other companies, the company has moved form 258 in the forth quarter 2023, to 284.

Dividend in Glossary

Cumulative Dividend Pay out Ratio I. Quarter
(Mar 31 2024)
IV. Quarter
(Dec 31 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
OFLX's Pay out Ratio (TTM) 72.18 % 64.81 % 56.52 % 53.96 % 53.79 %
OFLX's Dividend Pay out Ratio Total Ranking # 284 # 258 # 433 # 0 #

  News about Omega Flex Inc Dividends

Omega Flex, Inc. Announces Regular Quarterly Dividend Increase, Continues to Prioritize Shareholder Value

Omega Flex, Inc. has once again demonstrated its commitment to providing value to its shareholders by declaring a regular quarterly dividend of $0.34 per share. This announcement comes as the company continues to prioritize the needs of its investors, taking into account its financial performance, capital expenditure plans, and potential acquisitions.
The increase in the dividend payout ratio, reaching 72.18 in the first quarter of 2024, shows a positive trend in Omega Flex's ability to return value to its shareholders. Although the ratio remains below the sector average, the company's performance is still strong compared to its peers in the Energy sector.

Omega Flex Inc. Declares Quarterly Dividend, Focusing on Shareholder Value

Omega Flex, Inc. has announced a regular quarterly dividend of $0.33 per share, emphasizing the company's commitment to providing value to its shareholders. The Board of Directors will continue to review the company's financial needs and performance to determine future dividend payments.
This news comes as Omega Flex Inc. has shown improvement in its dividend payout ratio over the past year, with a steady increase in the second quarter of 2023. Despite this progress, the company still falls below the average compared to its peers in the Energy sector, with 15 companies boasting higher dividend payout ratios.

Omega Flex, Inc. Empowers Shareholders Through Regular Dividend Announcement, Firmly Establishing Itself in the Energy Sector

In an official press release issued on December 6, 2023, Omega Flex, Inc. (NASDAQ: OFLX) proudly announced the declaration of their regular quarterly dividend of $0.33 per share. The payment is scheduled to be made on January 4, 2024, to all shareholders of record as of December 19, 2023. This well-earned dividend demonstrates the company's commitment to providing value to its investors and signifies the strength of its financial performance.
Omega Flex, Inc. is a renowned leader in the manufacturing and distribution of innovative flexible metal hose products for various industries. The company's unparalleled dedication to quality, safety, and reliability has solidified its market position and consistently attracted interest from investors.

OFLX's Dividend Pay out Ratio Company Ranking
Within: No.
Renewable Energy Services & Equipment Industry # 1
Energy Sector # 13
S&P 500 # 284

Dividend Pay out Ratio Statistics
High Average Low
278.67 % 86.2 % 14.57 %
(Jun 30 2020)   (Jun 30 2017)

Other Dividend Ratios
Highest Ranking Dividend Yield
Lowest Ranking Dividend Yield
Annual Dividend Pay out for OFLX
OFLX's Dividend Yield


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