Friedman Industries (NYSE:FRD) declared a quarterly dividend on Friday, September 2nd. Stockholders of record on Friday, October 14th will be given a dividend of 0.01 per share on Friday, November 18th. This represents a $0.04 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Wednesday, October 12th.
Friedman Industries (NYSE:FRD) opened at 5.29 on Friday. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.77. The company’s market capitalization is $35.97 million. Friedman Industries has a 12-month low of $4.35 and a 12-month high of $6.28.
Friedman Industries (NYSE:FRD) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.21) earnings per share for the quarter. On average, equities analysts anticipate that Friedman Industries will post $1.52 EPS for the current fiscal year.
Separately, TheStreet downgraded shares of Friedman Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th.
Friedman Industries Company Profile
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company’s two product groups include coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale.
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