Headlines
PSX - Phillips 66 hikes dividend by 9.5% AOS - A.O. Smith hikes dividend by 6.7% to $0.32 quarterly per share LMT - Lockheed Martin hikes dividend by 5% to $3.15 quarterly per share MCD - McDonald's hikes dividend by 9.9% to $1.67 quarterly per share AFG - American Financial Group hikes dividend by 12.7% to $0.71 quarterly HON - Honeywell hikes dividend by 4.9% to $1.08 quarterly per share HWM - Howmet Aerospace hikes dividend by 25% to $0.05 quarterly per share CNP - Centerpoint Energy hikes dividend by 5.3% to $0.20 quarterly per share FE - FirstEnergy Corp hikes dividend by 5.1% to $0.41 quarterly per share TXN - Texas Instruments hikes dividend by 4.8% to $1.30 quarterly per share SBUX - Starbucks hikes dividend by 7.5% to $0.57 quarterly per share MSFT - Microsoft hikes dividend by 10.3% to $0.75 quarterly per share KDP - Keurig Dr Pepper hikes dividend by 7.5% to $0.215 quarterly per share O - Realty Income hikes monthly dividend by 0.2% to $0.256 per share EG - Everest Group hikes dividend by 6.1% to $1.75 quarterly per share

Dividend Hike

Omega Flex ticker dps (an.) 2024 hike 2023 hike 2022 hike
OFLX N/A N/A N/A N/A
Business yield Hike yrs 5 yr CAGR freq. paid since
N/A N/A N/A N/A N/A N/A

Omega Flex, Inc. (OFLX) will pay a special cash dividend of $0.85 per share, payable on January 6, 2017 to shareholders of record on December 26, 2016.

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 an excellent sales year, and currently presides over a strong balance sheet, with no debt and a significant cash reserve.  There are opportunities for capital investment in 2017, but the board 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.”

The $0.85 per share special dividend translates into an estimated yield of 1.7% based on today's $49.79 closing price. Omega Flex doesn't pay a regular dividend.

Omega Flex, Inc., together with its subsidiaries, manufactures and sells flexible metal hoses and accessories primarily in the United States and internationally.  The company is engaged in a range of different markets, including construction, manufacturing, transportation, petrochemical, pharmaceutical and other industries. It operates through manufacture and sale of flexible metal hose and accessories segment. OFLX distributes its TracPipe and TracPipe CounterStrike flexible gas piping and fittings under the AutoSnap and AutoFlare brand names.

Omega Flex

2022 Omega Flex hikes dividend by 6.7%
2021 Omega Flex hikes dividend by 7.1%
2019 Omega Flex pays special dividend
2019 Omega Flex hikes dividend by 16.7%

Industrials

2023 A.O. Smith hikes dividend by 6.7% to $0.32 quarterly per share
2023 Lockheed Martin hikes dividend by 5% to $3.15 quarterly per share
2023 Honeywell hikes dividend by 4.9% to $1.08 quarterly per share
2023 Howmet Aerospace hikes dividend by 25% to $0.05 quarterly per share

Dividend Calendar

 Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike

Welcome to Dividendhike.com! We bring you the latest news about companies announcing dividend increases, special dividends, dividend cuts and other dividend news and statistics from The United States. The best thing is that all the information on this website can be viewed for free by anyone. If you continue to use dividendhike.com, you consent to our use of cookies to improve service, perform analytics, personalize advertising and remember website preferences. For more information on how dividendhike.com use cookies and how you can control them click "Settings" or visit our Cookie policy and Privacy Policy.