Item 5. Market for Registrant’s Common Equity
Item
5 - MARKET FOR REGISTRANT’S COMMON EQUITY, AND RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Common
Stock
Our
common stock is listed on the NASDAQ Global Market, under the symbol OFLX. The number of shareholders of record as of December 31, 2022,
based on inquiries of the registrant’s transfer agent, was 297. For this purpose, shareholders whose shares are held by brokers
on behalf of such shareholders (shares held in “street name”) are not separately counted or included in that total.
Shareholder
Return Performance Presentation
The
Shareholder Return Performance Presentation shall not be deemed to be “soliciting material” or subject to Regulations 14A
or 14C of the Securities and Exchange Commission or to the liabilities of Section 18 of the Securities Exchange Act of 1934 (the “Exchange
Act”) and shall not be deemed incorporated by reference by any general statement incorporating by reference this annual report
into any filing under the Securities Act of 1933 or under the Exchange Act, and shall not otherwise be deemed filed under such Acts.
The
following graph shows the changes on a cumulative basis in the total shareholder return on the Omega Flex common stock and compares those
changes in shareholder return with the total return on the S&P 500 Index and the total return on the S&P 500 Building Products
Index. The graph begins with a base value of $100 on December 31, 2017, and shows the cumulative changes over the last five years, ending
on December 31, 2022. The graph assumes $100 was invested on December 31, in each of the three alternatives, and that all dividends have
been reinvested.
Company
/ Index
Base
Period
12/31/17
Indexed
Returns – Year Ending
12/17
12/18
12/19
12/20
12/21
12/22
Omega
Flex, Inc.
100.00
76.84
159.07
218.52
191.62
142.54
S&P
500
100.00
95.62
125.72
148.85
191.58
156.89
S&P
Building Products
100.00
75.62
112.16
142.35
209.07
162.87
Dividends
The
Company currently has a policy of paying regular quarterly dividends, which is expected to continue. In addition, the Company may pay
special dividends from time to time. Further details regarding dividends are contained in Note 7, Shareholders’ Equity to the Consolidated
Financial Statements included in this report.
The
Board, in its sole discretion, has a general policy of reviewing the cash needs of the Company from time to time, and based on results
of operations, financial condition and capital expenditure plans, possible acquisitions, as well as other factors that the Board may
consider relevant, determine on a quarterly basis whether to declare a regular quarterly dividend, or a special dividend.
Item
6 – [RESERVED]
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