Friedman Industries (NYSEAMERICAN:FRD) announced a quarterly dividend on Thursday, December 7th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.01 per share on Friday, February 9th. This represents a $0.04 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, January 11th.
Friedman Industries (NYSEAMERICAN FRD) opened at $5.55 on Wednesday. The stock has a market capitalization of $38.76, a PE ratio of -277.50 and a beta of 0.47. Friedman Industries has a 1 year low of $5.05 and a 1 year high of $7.14.
Friedman Industries (NYSEAMERICAN:FRD) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.04 EPS for the quarter. The firm had revenue of $26.08 million during the quarter. Friedman Industries had a return on equity of 2.05% and a net margin of 1.19%.
Separately, TheStreet raised Friedman Industries from a “d+” rating to a “c-” rating in a research report on Tuesday, September 26th.
An institutional investor recently raised its position in Friedman Industries stock. Vanguard Group Inc. lifted its position in Friedman Industries (NYSEAMERICAN:FRD) by 15.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,072 shares of the company’s stock after purchasing an additional 22,209 shares during the quarter. Vanguard Group Inc. owned 2.37% of Friedman Industries worth $944,000 at the end of the most recent quarter.
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About Friedman Industries
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing and steel and pipe distribution. The Company has two product groups: coil and tubular products. It purchases prime hot-rolled steel coils, processes the coils into flat, finished sheet and plate, and sells these products on a wholesale, rapid-delivery basis in competition with steel mills, importers and steel service centers.
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