Friedman Industries (FRD) to Issue Quarterly Dividend of $0.04 on May 24th
Friedman Industries (NYSEAMERICAN:FRD) declared a quarterly dividend on Wednesday, March 20th, Wall Street Journal reports. Investors of record on Friday, April 26th will be given a dividend of 0.04 per share on Friday, May 24th. This represents a $0.16 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Thursday, April 25th.
Friedman Industries has raised its dividend payment by an average of 33.9% per year over the last three years and has raised its dividend every year for the last 2 years.
FRD stock opened at $7.66 on Friday. Friedman Industries has a 52 week low of $5.77 and a 52 week high of $11.47.
Friedman Industries Company Profile
Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and steel and pipe distribution activities in the United States. The company operates in two segments, Coil Products and Tubular Products. The Coil Products segment processes hot-roll coils into sheet and plate, as well as customer-owned coils on a fee basis; and sells these products on a wholesale basis.
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