Friedman Industries, Incorporated (NYSEAMERICAN:FRD) to Issue $0.04 Quarterly Dividend

by · The Markets Daily

Friedman Industries, Incorporated (NYSEAMERICAN:FRD – Get Free Report) announced a quarterly dividend on Tuesday, December 16th. Investors 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 Performance

FRD stock traded up $0.15 during trading on Wednesday, reaching $21.65. 1,078 shares of the company traded hands, compared to its average volume of 23,808. The business has a 50 day simple moving average of $20.40 and a 200 day simple moving average of $18.88. Friedman Industries has a 12 month low of $12.24 and a 12 month high of $23.50. The company has a market capitalization of $150.87 million, a price-to-earnings ratio of 26.56 and a beta of 1.40.

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

About Friedman Industries

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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.

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