Friedman Industries, Incorporated (NYSEAMERICAN:FRD) Increases Dividend to $0.04 Per Share

Posted by Michael Baxter on Apr 23rd, 2024

Friedman Industries, Incorporated (NYSEAMERICAN:FRD – Get Free Report) announced a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Shareholders of record on Friday, April 26th will be given a dividend of 0.04 per share on Friday, May 24th. This represents a $0.16 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, April 25th. This is a positive change from Friedman Industries’s previous quarterly dividend of $0.02.

Friedman Industries Price Performance

FRD opened at $19.01 on Tuesday. The stock has a market capitalization of $132.69 million, a price-to-earnings ratio of 7.39 and a beta of 1.35. Friedman Industries has a 12 month low of $9.50 and a 12 month high of $19.52.

Friedman Industries (NYSEAMERICAN:FRD – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $115.97 million for the quarter. Friedman Industries had a return on equity of 15.31% and a net margin of 3.68%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Friedman Industries from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd.

Check Out Our Latest Research Report on Friedman Industries

Friedman Industries Company Profile

(Get Free Report)

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.