Friedman Industries Inc. to Issue Quarterly Dividend of $0.04 (NASDAQ:FRD)

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Tuesday, March 31st. Shareholders of record on Friday, April 24th will be given a dividend of 0.04 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, April 24th.

Friedman Industries has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Friedman Industries Price Performance

FRD stock opened at $17.72 on Wednesday. The company has a market capitalization of $125.99 million, a P/E ratio of 7.98 and a beta of 1.55. The company has a fifty day moving average price of $18.73 and a 200-day moving average price of $19.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.97 and a current ratio of 3.59. Friedman Industries has a 52-week low of $12.24 and a 52-week high of $24.37.

Friedman Industries (NASDAQ:FRD) last announced its earnings results on Monday, February 9th. The company reported $0.43 earnings per share (EPS) for the quarter. Friedman Industries had a return on equity of 11.36% and a net margin of 2.68%.The business had revenue of $167.97 million during the quarter.

Friedman Industries Company Profile

Friedman Industries, Inc is a specialized manufacturer of high-quality steel grating products for industrial and commercial applications. The company’s core offerings include industrial bar gratings, stair treads, trench covers, checkered plates and lighting frames. These products are designed to meet stringent safety and durability requirements in sectors such as oil and gas, power generation, wastewater treatment and infrastructure development.

Friedman Industries serves a broad customer base across North America, providing both standard and custom solutions through its manufacturing facilities in Pennsylvania and California.