Friedman Industries Inc. (FRD) to Issue Quarterly Dividend of $0.04 on August 7th

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.04 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, July 17th.

Friedman Industries has raised its dividend payment 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 Stock Down 0.1%

NASDAQ FRD opened at $33.71 on Friday. Friedman Industries has a 52 week low of $14.51 and a 52 week high of $37.97. The company has a quick ratio of 1.11, a current ratio of 3.38 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $24.44 and its 200-day simple moving average is $21.01. The firm has a market cap of $239.68 million, a PE ratio of 12.21 and a beta of 1.63.

Friedman Industries (NASDAQ:FRD) last announced its quarterly earnings data on Thursday, June 11th. The company reported $1.30 earnings per share (EPS) for the quarter. Friedman Industries had a net margin of 3.02% and a return on equity of 13.70%. The firm had revenue of $191.78 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.