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

Friedman Industries Inc. (NASDAQ:FRD) declared a quarterly dividend on Tuesday, March 31st. Stockholders of record on Friday, April 24th will be given a dividend of 0.04 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, April 24th.

Friedman Industries has increased its dividend payment 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 0.4%

FRD stock opened at $17.72 on Wednesday. Friedman Industries has a 52-week low of $12.24 and a 52-week high of $24.37. The company’s 50 day simple moving average is $18.73 and its 200-day simple moving average is $19.95. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.59 and a quick ratio of 0.97. The firm has a market capitalization of $125.99 million, a P/E ratio of 7.98 and a beta of 1.55.

Friedman Industries (NASDAQ:FRD) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.43 EPS for the quarter. Friedman Industries had a net margin of 2.68% and a return on equity of 11.36%. The firm had revenue of $167.97 million during the quarter.

About Friedman Industries

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.