Omega Flex (OFLX) Declares $3.50 Special Dividend; 3.3% Yield
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Omega Flex, Inc. Announces Special Dividend to Shareholders
December 16, 2019 4:16 PM ESTEXTON, Pa., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the Company) (NASDAQ: OFLX) today announced that the Board of Directors declared a special dividend of $3.50 per share payable on December 30, 2019 to shareholders of record on December 26, 2019.  According to a company statement, The Board of Directors has reviewed the anticipated cash needs of the Corporation, and determined that the Corporation has cash and cash equivalents on-hand in excess of the amount necessary to meet the obligations incurred in its operations,... More
