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

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.04 per share on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, July 17th.

Friedman Industries has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Friedman Industries Stock Down 4.4%

FRD opened at $33.74 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 3.38. Friedman Industries has a fifty-two week low of $14.51 and a fifty-two week high of $37.97. The firm’s fifty day moving average is $24.14 and its 200 day moving average is $20.91. The stock has a market cap of $239.89 million, a price-to-earnings ratio of 12.22 and a beta of 1.63.

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

Friedman Industries Company Profile

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.