Friedman Industries Inc. (FRD) to Issue Quarterly Dividend of $0.04 on November 14th

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Thursday, September 18th, RTT News reports. Stockholders of record on Friday, October 24th will be given a dividend of 0.04 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, October 24th.

Friedman Industries Price Performance

Friedman Industries stock opened at $19.95 on Wednesday. The company has a 50 day moving average of $20.40. The stock has a market cap of $140.85 million, a P/E ratio of 16.63 and a beta of 1.49. Friedman Industries has a 1 year low of $12.24 and a 1 year high of $22.98.

Friedman Industries (NASDAQ:FRD) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.71 earnings per share (EPS) for the quarter. The business had revenue of $134.78 million for the quarter. Friedman Industries had a net margin of 1.84% and a return on equity of 6.50%.

About Friedman Industries

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils.