Omega Flex, Inc. (OFLX) will raise its quarterly dividend by 16.7 percent to 28 cents per share in 2019. This marks the second consecutive year of dividend increases by the manufacturer of flexible metal hoses and accessories.

The next dividend is payable on July 2, 2019 to shareholders of record on June 24, 2019. A new annual rate of $1.12 per share yields 1.4% at a stock price of $81.67.

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.