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

Key Points

• Friedman Industries announced a quarterly dividend of $0.04 per share (annualized yield ~0.9%), with record/ex-div date on April 24 and payment scheduled for May 22.
• The company reported quarterly EPS of $0.43 on $167.97 million in revenue, and the stock trades around $17.72 with a P/E of 7.98 and a market capitalization near $126 million (52‑week range $12.24–$24.37).
• Analyst sentiment has cooled recently—Wall Street Zen trimmed its rating from strong-buy to buy and Weiss Ratings cut to hold, leaving the consensus rating at Hold.

Friedman Industries Inc. (NASDAQ:FRD - Get Free Report) announced 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 raised its dividend annually for the last 1 consecutive years.

Friedman Industries Stock Down 0.4%

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

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FRD shares. Wall Street Zen downgraded shares of Friedman Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. Weiss Ratings cut Friedman Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, March 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold".

Friedman Industries Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.