Friedman Industries Inc. (FRD) to Issue Quarterly Dividend of $0.04 on November 13th

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Friday, October 23rd will be paid a dividend of $0.04 per share on Friday, November 13th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 23rd.

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

Friedman Industries Price Performance

Shares of FRD stock opened at $42.50 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 2.90. The firm has a market capitalization of $306.43 million, a P/E ratio of 11.01 and a beta of 1.65. The stock has a 50 day moving average price of $42.55 and a 200 day moving average price of $32.89. Friedman Industries has a 52-week low of $16.55 and a 52-week high of $48.77.

Friedman Industries (NASDAQ:FRD) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.79 EPS for the quarter. The company had revenue of $239.97 million for the quarter. Friedman Industries had a return on equity of 18.29% and a net margin of 3.63%.

Friedman Industries Company Profile

Friedman Industries, Inc (NASDAQ: FRD) is a steel processing and distribution company headquartered in Longview, Texas. The company purchases steel from domestic and international producers and processes it into products used by manufacturers, fabricators, and other industrial customers.

Its operations primarily involve processing flat-rolled steel, including cutting, leveling, slitting, and other value-added services that prepare steel for customer-specific applications. Friedman Industries also distributes steel products and serves customers across a range of industries, including construction, transportation, agricultural equipment, and general manufacturing.

Founded in 1965, the company has developed a network of processing and distribution facilities serving customers in multiple regions of the United States.