Omega Flex, Inc. (OFLX) will raise its quarterly dividend by 9.1 percent $0.24 per share in 2018. Last year the company initiated a regular quarterly dividend, following special dividend payments in January of 2014, 2015, 2016 and 2017.

payable on or before July 3, 2018 to shareholders of record on June 18, 2018. The new dividend yield for OFLX is 1.4% based on a stock price of $69.70.

Established in 1975, OmegaFlex is a producer of flexible metallic piping products. The company supplies proprietary products for a broad number of applications and markets, which include primary steel production, semi-conductor, medical, pharmaceutical, petrochemical, residential and commercial construction, and power generation. OFLX distributes its TracPipe and TracPipe CounterStrike flexible gas piping and fittings under the AutoSnap and AutoFlare brand names.