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Omega Flex (Omega Flex) 3-Year Dividend Growth Rate : 5.40% (As of Dec. 2023)


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What is Omega Flex 3-Year Dividend Growth Rate?

Omega Flex's Dividends per Share for the three months ended in Dec. 2023 was $0.33.

The historical rank and industry rank for Omega Flex's 3-Year Dividend Growth Rate or its related term are showing as below:

OFLX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 5.3   Med: 6.65   Max: 19.3
Current: 5.4

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Omega Flex was 19.30% per year. The lowest was 5.30% per year. And the median was 6.65% per year.

OFLX's 3-Year Dividend Growth Rate is ranked worse than
63.18% of 1119 companies
in the Industrial Products industry
Industry Median: 11.2 vs OFLX: 5.40

During the past 12 months, Omega Flex's average Dividends Per Share Growth Rate was 4.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Omega Flex's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.67. As of today, Omega Flex's Dividend Yield % is 1.98%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Omega Flex's 3-Year Dividend Growth Rate

For the Specialty Industrial Machinery subindustry, Omega Flex's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Omega Flex's 3-Year Dividend Growth Rate Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omega Flex's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Omega Flex's 3-Year Dividend Growth Rate falls into.



Omega Flex 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Omega Flex  (NAS:OFLX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Omega Flex's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.33/ 0.49
=0.67

During the past 13 years, the highest Dividend Payout Ratio of Omega Flex was 0.64. The lowest was 0.43. And the median was 0.54.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Omega Flex Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3300002024-04-092024-04-102024-04-24Cash DividendquarterlyUSD:USD 1.000000
USD 0.3300002023-12-182023-12-192024-01-04Cash DividendquarterlyUSD:USD 1.000000
USD 0.3300002023-09-222023-09-252023-10-06Cash DividendquarterlyUSD:USD 1.000000
USD 0.3300002023-06-232023-06-262023-07-07Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Omega Flex's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.32/66.67
=1.98 %

Current Share Price is $66.67.
Omega Flex's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.32.

During the past 13 years, the highest Dividend Yield of Omega Flex was 2.49%. The lowest was 0.30%. And the median was 1.03%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Omega Flex 3-Year Dividend Growth Rate Related Terms>


Omega Flex (Omega Flex) Business Description

Traded in Other Exchanges
N/A
Address
451 Creamery Way, Exton, PA, USA, 19341-2509
Omega Flex Inc is a manufacturer of flexible metal hoses. It operates in the segment of manufacture and sale of flexible metal hose and accessories which are used for gas piping within residential and commercial buildings. Omega sells its products under the TracPipe, CounterStrike, DoubleTrac, AutoFlare, DEF-Trac, SolarTrac, and AutoSnap brands. It serves various markets which include construction, manufacturing, transportation, petrochemical, pharmaceutical, and other industries. Geographically Omega Flex, Inc operates in the United States.
Executives
Susan B. Asch officer: General Counsel & Secretary 451 CREAMERY WAY, EXTON PA 19341
Matthew Francis Unger officer: Vice President - CFO C/O OMEGA FLEX, INC., 451 CREAMERY WAY, EXTON PA 19341
Dean W. Rivest officer: President 451 CREAMERY WAY, EXTON PA 19341
Edwin B. Moran officer: Executive Vice President 451 CREAMERY WAY, EXTON PA 19341
Timothy P. Scanlan officer: Secretary 213 COURT STREET, MIDDLETOWN CT 06457
Mark F Albino director, officer: COO & Exec VP 451 CREAMERY WAY, EXTON PA 19341
Stewart B Reed director 260 NORTH ELM STREET, WESTFIELD MA 01085
Kevin R Hoben director, 10 percent owner, officer: President 451 CREAMERY WAY, EXTON PA 19341
Derek Glanvill director 10088 CARTERS MANOR DRIVE, LADUE MO 63124
Omega Flex, Inc. officer: Sr. Vice President 451 CREAMERY WAY, EXTON PA 19341
James M Dubin director ONE MADISON PLACE, HARRISON NY 10528
Paul James Kane officer: VP - Finance 1085 NICOLE DRIVE, NEWTOWN SQUARE PA 19073
Steven A Treichel director 451 CREAMERY WAY, EXTON PA 19341
Reed Estate Of John E 10 percent owner 260 NORTH ELM STREET, WESTFIELD MA 01085
David K Evans director 517 PYLON DRIVE, RALEIGH NC 27606

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