Thursday Is Your Last Chance To Buy Omega Flex Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Omega Flex (NASDAQ:OFLX) has announced a quarterly dividend of 33 cents per share, payable on October 06, 2023. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
September 19, 2023 | 2:45 pm
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Omega Flex's announcement of a 33 cents per share dividend may attract investors looking for income, potentially boosting the stock's price in the short term. However, the stock is expected to trade lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can drive up the stock price in the short term. However, stocks typically trade lower on the ex-dividend date as they are adjusted to reflect the payout. Therefore, the impact on Omega Flex's stock price is likely to be neutral in the short term.
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