Friedman Industries (FRD) To Go Ex-Dividend on October 8th
Friedman Industries (NYSEAMERICAN:FRD) announced a quarterly dividend on Monday, September 14th, Wall Street Journal reports. Investors of record on Friday, October 9th will be given a dividend of 0.02 per share on Friday, November 13th. This represents a $0.08 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, October 8th.
Friedman Industries has increased its dividend payment by 300.0% over the last three years and has raised its dividend annually for the last 1 consecutive years.
Shares of FRD stock opened at $6.15 on Wednesday. Friedman Industries has a 12-month low of $3.72 and a 12-month high of $7.24.
In other Friedman Industries news, CEO Mike J. Taylor acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were acquired at an average cost of $5.49 per share, with a total value of $27,450.00. Following the transaction, the chief executive officer now owns 90,000 shares of the company’s stock, valued at approximately $494,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
About Friedman Industries
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company operates in two segments, Coil Products and Tubular Products. The Coil Products segment processes hot-roll coils into sheet and plate, as well as customer-owned coils on a fee basis; and sells these products on a wholesale basis.
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