Friedman Industries, Incorporated Declares Quarterly Dividend of $0.04 (NYSEAMERICAN:FRD)

Key Points

• Friedman Industries, Incorporated declared a quarterly dividend of $0.04 per share, payable on November 14th to shareholders of record on October 24th, representing an annualized yield of 0.7%.
• The company's stock opened at $21.92 on Friday, with a 52-week range of $12.24 to $22.96 and a market capitalization of $152.78 million.
• Friedman Industries operates in the steel processing and pipe manufacturing sectors in the United States, divided into two segments: Coil and Tubular.

Friedman Industries, Incorporated (NYSEAMERICAN:FRD - Get Free Report) announced a quarterly dividend on Thursday, September 18th. Stockholders of record on Friday, October 24th will be paid a dividend of 0.04 per share on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, October 24th.

Friedman Industries Price Performance

Shares of NYSEAMERICAN FRD traded down $0.03 during mid-day trading on Tuesday, hitting $22.04. The company had a trading volume of 9,402 shares, compared to its average volume of 25,281. The company has a market capitalization of $153.58 million, a PE ratio of 27.24 and a beta of 1.40. The business's 50-day simple moving average is $18.18 and its 200 day simple moving average is $16.88. Friedman Industries has a 1-year low of $12.24 and a 1-year high of $22.98.

Friedman Industries Company Profile

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.