Omega Flex (OFLX) Declares $0.85 Special Dividend; 2.1% Yield

Omega Flex (NASDAQ: OFLX) declared a special dividend of $0.85 per share.

The dividend will be payable on January 6, 2015, to stockholders of record on December 21, 2015, with an ex-dividend date of December 17, 2015.

The annual yield on the dividend is 2.1 percent.

Kevin R. Hoben, President and CEO of Omega Flex, Inc., stated, “It is with great pleasure we have announced this special dividend to our shareholders. The company has had record results so far in 2015, and the results of the hard work and investments made by OmegaFlex in its product designs, facilities, and dedicated people, are yielding the results we envisioned. Looking at the company’s strong balance sheet and cash flow, the board has reviewed the cash needs of the company and determined that it is appropriate to return some cash to the shareholders. The company continues to have adequate liquidity to meet its operating expenses and capital investment.”

For a dividend history and other dividend-related data on Omega Flex (OFLX) click here.

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