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

Friedman Industries Inc. (NASDAQ:FRD – Get Free Report) 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 c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, October 23rd.

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

Get Friedman Industries alerts:

Friedman Industries Stock Down 4.0%

Shares of Friedman Industries stock traded down $1.62 during trading on Wednesday, reaching $38.77. The stock had a trading volume of 4,242 shares, compared to its average volume of 51,408. The stock has a fifty day moving average price of $40.59 and a two-hundred day moving average price of $29.61. The company has a current ratio of 2.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Friedman Industries has a 52 week low of $16.55 and a 52 week high of $48.77. The company has a market capitalization of $279.50 million, a price-to-earnings ratio of 10.10 and a beta of 1.62.

Friedman Industries (NASDAQ:FRD – Get Free Report) last announced 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 during the quarter. Friedman Industries had a net margin of 3.63% and a return on equity of 18.29%.

About Friedman Industries

(Get Free Report)

Friedman Industries, Inc is a steel processing and distribution company headquartered in Longview, Texas. The company processes and sells flat-rolled steel products, serving manufacturers and other industrial customers that require steel in specified sizes, grades, and forms.

Its coil-processing operations convert steel coils into products such as cut-to-length sheets and processed steel material. Friedman also supplies welded steel pipe and related tubular products used in applications across industries including energy, construction, agriculture, and manufacturing.

See Also

• Five stocks we like better than Friedman Industries
• These 4 Companies Are Monetizing AI Today
• Quantum and Rare Earths? Implications of the Pasqal/USAR Partnership
• Lockheed’s Stock Hasn’t Priced In Its Own Backlog—Boeing’s Might Already Have
• Eli Lilly Keeps Pulling Ahead—Can Novo Nordisk Catch Up?

Receive News & Ratings for Friedman Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Friedman Industries and related companies with MarketBeat.com's FREE daily email newsletter.