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Friedman Industries (NYSE:FRD) declared a quarterly dividend on Friday, May 30th, Stock Ratings News reports. Investors of record on Friday, July 18th will be given a dividend of 0.02 per share on Friday, August 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.97%.

Shares of Friedman Industries (NYSE:FRD) traded up 0.85% on Friday, hitting $8.29. 10,704 shares of the company’s stock traded hands. Friedman Industries has a 1-year low of $7.87 and a 1-year high of $10.36. The stock’s 50-day moving average is $8.33 and its 200-day moving average is $8.53. The company has a market cap of $56.4 million and a P/E ratio of 22.22.

Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution.

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