Omega Flex Dividend
Dividend criteria checks 2/6
Omega Flex is a dividend paying company with a current yield of 1.2% that is well covered by earnings.
Key information
1.2%
Dividend yield
54%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$1.28 |
| Earnings per share | US$2.37 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Investors Shouldn't Overlook The Favourable Returns On Capital At Omega Flex (NASDAQ:OFLX)
Apr 14
Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Jan 12Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Sep 29Recent updates
Investors Shouldn't Overlook The Favourable Returns On Capital At Omega Flex (NASDAQ:OFLX)
Apr 14Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Jan 12Omega Flex GAAP EPS of $0.65, revenue of $31.63M
Oct 20Omega Flex declares $0.32 dividend
Sep 30Why You Should Care About Omega Flex's (NASDAQ:OFLX) Strong Returns On Capital
Sep 29Does Omega Flex (NASDAQ:OFLX) Deserve A Spot On Your Watchlist?
Jul 31Here's Why I Think Omega Flex (NASDAQ:OFLX) Is An Interesting Stock
Apr 29Here's Why I Think Omega Flex (NASDAQ:OFLX) Is An Interesting Stock
Jan 28Omega Flex's (NASDAQ:OFLX) Dividend Will Be Increased To US$0.30
Sep 20Should You Be Adding Omega Flex (NASDAQ:OFLX) To Your Watchlist Today?
Aug 04Omega Flex's (NASDAQ:OFLX) Dividend Will Be Increased To US$0.30
Jun 12We Discuss Why The CEO Of Omega Flex, Inc. (NASDAQ:OFLX) Is Due For A Pay Rise
Jun 03Here's What You Should Know About Omega Flex, Inc.'s (NASDAQ:OFLX) 0.7% Dividend Yield
Apr 05This Insider Has Just Sold Shares In Omega Flex, Inc. (NASDAQ:OFLX)
Mar 18If You Like EPS Growth Then Check Out Omega Flex (NASDAQ:OFLX) Before It's Too Late
Mar 16Did You Participate In Any Of Omega Flex's (NASDAQ:OFLX) Incredible 410% Return?
Feb 23Declining Stock and Decent Financials: Is The Market Wrong About Omega Flex, Inc. (NASDAQ:OFLX)?
Jan 25Should You Buy Omega Flex, Inc. (NASDAQ:OFLX) For Its Dividend?
Dec 30
Omega Flex declares $0.28 dividend
Dec 11A Quick Analysis On Omega Flex's (NASDAQ:OFLX) CEO Compensation
Dec 01Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 5/31/2023 | 1.28 | 1.2% |
| 3/30/2023 | 1.28 | 1.2% |
| 12/8/2022 | 1.28 | 1.2% |
| 10/4/2022 | 1.28 | 1.4% |
| 8/5/2022 | 1.28 | 1.2% |
| 5/5/2022 | 1.2 | 1.1% |
| 12/11/2021 | 1.2 | 0.9% |
| 9/17/2021 | 1.2 | 0.9% |
| 6/9/2021 | 1.2 | 0.8% |
| 3/24/2021 | 1.12 | 0.7% |
| 12/11/2020 | 1.12 | 0.7% |
| 9/23/2020 | 1.12 | 0.7% |
| 6/24/2020 | 1.12 | 0.9% |
| 4/1/2020 | 1.12 | 1.2% |
| 12/12/2019 | 1.12 | 1.2% |
| 9/6/2019 | 1.12 | 1.2% |
| 6/13/2019 | 1.12 | 1.4% |
| 4/9/2019 | 0.96 | 1.1% |
| 12/13/2018 | 0.96 | 1.5% |
| 9/11/2018 | 0.96 | 1.5% |
| 6/6/2018 | 0.96 | 1.2% |
| 4/10/2018 | 0.88 | 1.3% |
| 12/13/2017 | 0.88 | 1.4% |
| 9/11/2017 | 0.88 | 1.3% |
| 6/9/2017 | 0.88 | 1.4% |
| 12/14/2016 | 0.85 | 1.7% |
| 12/10/2015 | 0.85 | 2.4% |
| 12/10/2014 | 0.49 | 1.5% |
| 12/9/2013 | 0.42 | 2.1% |
Stable Dividend: Whilst dividend payments have been stable, OFLX has been paying a dividend for less than 10 years.
Growing Dividend: OFLX's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Omega Flex Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (OFLX) | 1.2% |
| Market Bottom 25% (US) | 1.7% |
| Market Top 25% (US) | 5.2% |
| Industry Average (Machinery) | 1.9% |
| Analyst forecast in 3 Years (OFLX) | n/a |
Notable Dividend: OFLX's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.72%).
High Dividend: OFLX's dividend (1.23%) is low compared to the top 25% of dividend payers in the US market (5.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54%), OFLX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (67%), OFLX's dividend payments are covered by cash flows.