Analyzing Omega Flex's Ex-Dividend Date

Omega Flex OFLX declared a dividend payable on April 14, 2021 to its shareholders as of March 24, 2021. It was also announced that shareholders of Omega Flex's stock as of April 5, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Omega Flex, whose current dividend payout is $0.28, has an ex-dividend date set at April 1, 2021. The payout equates to a dividend yield of 0.75% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Omega Flex's Dividend History

Over the past year, Omega Flex has seen its dividend payouts remain the same and its yields trend downward. Last year on April 9, 2020 the company's payout sat at $0.28, which has returned to its value today. Omega Flex's dividend yield last year was 1.33%, which has since decreased by 0.58%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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