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

Friedman Industries Inc. (NASDAQ:FRDGet Free Report) 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 yield of 0.5%. The ex-dividend date is Friday, July 17th.

Friedman Industries has increased its dividend 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 4.4%

Shares of FRD stock opened at $33.74 on Thursday. The stock has a market cap of $239.89 million, a P/E ratio of 12.22 and a beta of 1.63. 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 company’s fifty day simple moving average is $24.14 and its two-hundred day simple moving average is $20.91.

Friedman Industries (NASDAQ:FRDGet Free Report) last released its quarterly earnings data on Thursday, June 11th. The company reported $1.30 EPS for the quarter. The business had revenue of $191.78 million during the quarter. Friedman Industries had a net margin of 3.02% and a return on equity of 13.70%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Friedman Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

View Our Latest Analysis on Friedman Industries

About Friedman Industries

(Get Free Report)

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.

Further Reading

Dividend History for Friedman Industries (NASDAQ:FRD)

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