EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) announced that the Board of Directors this week declared a regular quarterly dividend of $0.32 per share payable on January 4, 2023, to shareholders of record on December 19, 2022.
Kevin R. Hoben, the Company’s chairman stated, “The commitment of Omega Flex, Inc. to its shareholders is reflected in part by the payment of this regular quarterly dividend. As the Company continues to weather these challenging times for the country and the economy, this dividend is the best indication of our belief in the Company’s ability to succeed.”
In determining the amount of future regular quarterly dividends, the Company stated that this 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.
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