Friedman Industries Announces 213th Consecutive Quarterly Cash Dividend
On March 19, 2025, the Board of Directors of Friedman Industries, Incorporated (FRD) made an important announcement. The company, based in LONGVIEW, Texas, declared a cash dividend of $0.04 per share on its Common Stock. This dividend is a testament to the company’s financial stability and commitment to its shareholders.
Background
Friedman Industries is a leading player in the steel processing, pipe manufacturing, and steel and pipe distribution industries. With a rich history dating back to 1972, the company has been publicly traded on the NYSE American exchange for over 48 years. Over this period, the company has consistently demonstrated its financial strength and commitment to its shareholders by paying quarterly cash dividends.
The Announcement
The latest cash dividend announcement marks a significant milestone for Friedman Industries. It represents the company’s 213th consecutive quarterly cash dividend since it went public. This remarkable achievement highlights the company’s financial stability, consistent profitability, and commitment to rewarding its shareholders.
Impact on Shareholders
For shareholders, this cash dividend is a welcome development. The $0.04 per share dividend translates to a yield of approximately 1.7%, based on the current stock price. This dividend not only provides a regular source of income but also reinforces shareholders’ confidence in the company’s financial health and growth prospects.
Impact on the World
Beyond the direct impact on shareholders, Friedman Industries’ dividend announcement sends a positive signal to the broader financial markets. It demonstrates the company’s financial strength and commitment to its shareholders, which can help attract new investors and maintain the confidence of existing ones.
Conclusion
In conclusion, Friedman Industries’ announcement of a $0.04 per share cash dividend marks a significant milestone for the company. This is the 213th consecutive quarterly cash dividend since the company went public in 1972. For shareholders, this dividend provides a regular source of income and reinforces their confidence in the company’s financial health and growth prospects. For the broader financial markets, this announcement sends a positive signal, demonstrating the company’s financial strength and commitment to its shareholders.
- Friedman Industries declares a cash dividend of $0.04 per share on its Common Stock.
- This is the 213th consecutive quarterly cash dividend since the company went public in 1972.
- The dividend provides a regular source of income for shareholders and reinforces their confidence in the company.
- The announcement sends a positive signal to the broader financial markets, demonstrating the company’s financial strength.
