Friedman Industries (NYSEAMERICAN:FRD) Declares $0.02 Quarterly Dividend

Friedman Industries (NYSEAMERICAN:FRD) declared a quarterly dividend on Monday, December 9th, Wall Street Journal reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.02 per share on Friday, February 7th. This represents a $0.08 annualized dividend and a yield of 1.30%. The ex-dividend date is Thursday, January 9th.

FRD traded up $0.02 during midday trading on Monday, reaching $6.13. 13,350 shares of the company were exchanged, compared to its average volume of 13,339. Friedman Industries has a one year low of $5.78 and a one year high of $8.48.

About Friedman Industries

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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Dividend History for Friedman Industries (NYSEAMERICAN:FRD)

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