Friedman Industries, Incorporated Declares Quarterly Dividend of $0.04 (NYSEAMERICAN:FRD)

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) announced a quarterly dividend on Tuesday, December 16th. Stockholders of record on Friday, January 16th will be paid a dividend of 0.04 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 16th.

Friedman Industries Stock Up 0.7%

Shares of FRD traded up $0.15 during mid-day trading on Wednesday, hitting $21.65. 1,078 shares of the company traded hands, compared to its average volume of 23,808. Friedman Industries has a 1-year low of $12.24 and a 1-year high of $23.50. The company has a market capitalization of $150.87 million, a PE ratio of 26.56 and a beta of 1.40. The business has a 50 day moving average of $20.40 and a 200 day moving average of $18.88.

Friedman Industries (NYSEAMERICAN:FRD) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $152.38 million for the quarter. Friedman Industries had a net margin of 1.27% and a return on equity of 4.44%.

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.