Friedman Industries, Incorporated (FRD) To Go Ex-Dividend on January 16th

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) declared a quarterly dividend on Tuesday, December 16th. Shareholders of record on Friday, January 16th will be given 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 0.8%. The ex-dividend date is Friday, January 16th.

Friedman Industries Stock Up 0.1%

Shares of NYSEAMERICAN FRD opened at $19.51 on Wednesday. The firm has a market cap of $135.98 million, a PE ratio of 24.09 and a beta of 1.40. The company’s fifty day simple moving average is $20.33 and its 200 day simple moving average is $19.42. Friedman Industries has a 12-month low of $12.24 and a 12-month high of $23.50.

Friedman Industries (NYSEAMERICAN:FRD) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.32 earnings per share for the quarter. The firm had revenue of $152.38 million for the quarter. Friedman Industries had a net margin of 1.27% and a return on equity of 4.44%.

About Friedman Industries

Friedman Industries, Inc operates through its subsidiary Shenango Furnace Company, LLC, as a manufacturer and distributor of industrial steel products in the United States. The company’s core business centers on the production of flat-rolled steel, including reload coils, case load coils and hook plate, which are custom-engineered to meet the specifications of heavy-duty and critical-service applications. Its facilities are designed to handle a wide variety of steel grades and specialty finishes, enabling it to serve demanding end-use markets.

Friedman Industries supplies steel products to customers in the oil and gas, agricultural equipment, heavy machinery and automotive sectors.