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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100