EXTON, PA — Omega Flex, Inc. (NASDAQ: OFLX) announced that the Board of Directors declared a regular quarterly dividend of $0.28 per share payable on October 13, 2020 to shareholders of record on October 5, 2020.
Kevin R. Hoben, the Company’s chairman stated that: “The commitment to maintain the regular quarterly dividend at the current rate in this challenging time for the country and the economy is the best indication of our belief in the Company’s ability to weather this storm.”
In determining the amount of future regular quarterly dividends, the 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.
Omega Flex, Inc., headquartered in Exton, PA, together with its subsidiaries, manufactures and sells flexible metal hoses and accessories in the United States and internationally.
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