Friedman Industries Inc. (FRD) To Go Ex-Dividend on October 23rd

Friedman Industries Inc. (NASDAQ:FRD) declared a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Friday, October 23rd will be given 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 of this dividend is Friday, October 23rd.

Friedman Industries has increased 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.

Friedman Industries Stock Down 2.4%

NASDAQ FRD opened at $39.41 on Thursday. The stock has a fifty day moving average of $40.67 and a 200-day moving average of $29.75. The stock has a market capitalization of $284.26 million, a P/E ratio of 10.26 and a beta of 1.62. Friedman Industries has a 52 week low of $16.55 and a 52 week high of $48.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 2.90.

Friedman Industries (NASDAQ:FRD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.79 earnings per share (EPS) for the quarter. The business 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 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.