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

Friedman Industries Inc. (NASDAQ:FRD) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Friday, July 17th will be paid a dividend of 0.04 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, July 17th.

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

Friedman Industries Price Performance

NASDAQ FRD opened at $33.74 on Thursday. The business’s fifty day moving average is $24.14 and its 200 day moving average is $20.91. Friedman Industries has a fifty-two week low of $14.51 and a fifty-two week high of $37.97. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.11 and a current ratio of 3.38. The company has a market capitalization of $239.89 million, a PE ratio of 12.22 and a beta of 1.63.

Friedman Industries (NASDAQ:FRD) last posted its quarterly earnings data on Thursday, June 11th. The company reported $1.30 earnings per share for the quarter. The firm had revenue of $191.78 million for the quarter. Friedman Industries had a return on equity of 13.70% and a net margin of 3.02%.

Institutional Investors Weigh In On Friedman Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Friedman Industries by 50.7% in the third quarter. BNP Paribas Financial Markets now owns 1,712 shares of the company’s stock worth $37,000 after acquiring an additional 576 shares during the period. Bailard Inc. lifted its holdings in Friedman Industries by 4.9% in the 4th quarter. Bailard Inc. now owns 13,324 shares of the company’s stock worth $273,000 after purchasing an additional 624 shares in the last quarter. Empowered Funds LLC lifted its holdings in Friedman Industries by 1.8% in the 4th quarter. Empowered Funds LLC now owns 47,034 shares of the company’s stock worth $964,000 after purchasing an additional 811 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Friedman Industries by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 59,033 shares of the company’s stock worth $1,046,000 after purchasing an additional 1,036 shares during the period. Finally, Barclays PLC boosted its stake in Friedman Industries by 9.4% in the 4th quarter. Barclays PLC now owns 13,071 shares of the company’s stock worth $268,000 after purchasing an additional 1,119 shares during the period. 33.26% of the stock is owned by institutional investors.

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.