Friedman Industries (FRD) Announces Quarterly Dividend of $0.02
Friedman Industries (NYSE:FRD) declared a quarterly dividend on Thursday, August 28th, Stock Ratings News reports. Investors of record on Friday, October 17th will be given a dividend of 0.02 per share on Friday, November 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.97%.
Shares of Friedman Industries (NYSE:FRD) traded down 0.36% on Thursday, hitting $8.26. 3,305 shares of the company’s stock traded hands. Friedman Industries has a 52-week low of $7.87 and a 52-week high of $10.36. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $8.4. The company has a market cap of $56.2 million and a price-to-earnings ratio of 75.36.
Friedman Industries (NYSE:FRD) last released its earnings data on Wednesday, August 13th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $27.90 million for the quarter, compared to the consensus estimate of $29.58 million.
Friedman Industries, Incorporated is engaged in steel processing, pipe manufacturing and processing, and steel and pipe distribution.