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

Friedman Industries Inc. (NASDAQ:FRD) announced a quarterly dividend on Tuesday, December 16th, NASDAQ Dividends reports. Investors of record on Friday, January 16th will be paid a dividend of 0.04 per share on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 16th.

Friedman Industries has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years.

Friedman Industries Stock Up 0.1%

FRD stock opened at $19.51 on Wednesday. The company has a market cap of $138.72 million, a price-to-earnings ratio of 12.04 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.98 and a current ratio of 3.24. The business’s 50-day moving average is $20.33 and its two-hundred day moving average is $19.42. Friedman Industries has a fifty-two week low of $12.24 and a fifty-two week high of $23.50.

Friedman Industries (NASDAQ:FRD) last released its quarterly earnings results on Monday, November 10th. The company reported $0.32 earnings per share (EPS) for the quarter. Friedman Industries had a return on equity of 8.55% and a net margin of 2.25%.The business had revenue of $152.38 million during the quarter.

Wall Street Analyst Weigh In

A number of brokerages have commented on FRD. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Friedman Industries in a report on Monday, December 29th. Wall Street Zen downgraded shares of Friedman Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.