Friedman Industries, Incorporated (NYSEAMERICAN:FRD – Get Free Report) announced a quarterly dividend on Wednesday, September 18th, Wall Street Journal reports. Shareholders of record on Friday, October 25th will be given a dividend of 0.04 per share on Friday, November 15th. This represents a $0.16 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, October 25th.
Friedman Industries Price Performance
FRD stock opened at $14.43 on Thursday. Friedman Industries has a fifty-two week low of $9.50 and a fifty-two week high of $19.52. The stock has a market capitalization of $100.58 million, a P/E ratio of 8.39 and a beta of 1.37.
Friedman Industries (NYSEAMERICAN:FRD – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.37 earnings per share (EPS) for the quarter. The company had revenue of $114.55 million during the quarter. Friedman Industries had a net margin of 2.48% and a return on equity of 9.65%.
Insider Buying and Selling at Friedman Industries
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Friedman Industries from a “hold” rating to a “buy” rating in a research note on Monday.
View Our Latest Stock Report on Friedman Industries
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.
Recommended Stories
- Five stocks we like better than Friedman Industries
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- WD-40 Company Gears Up for a Double-Digit Stock Advance
- Using the MarketBeat Dividend Yield Calculator
- Monster and Celsius Energized: Which Stock Offers More Upside?
- What is a Bond Market Holiday? How to Invest and Trade
- Sherwin-Williams Plunges Into Buying Opportunity: Time to Buy?
Receive News & Ratings for Friedman Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Friedman Industries and related companies with MarketBeat.com's FREE daily email newsletter.