Friedman Industries, Incorporated Announces Cash Dividend

Friedman Industries declares a $0.04 per share quarterly dividend, extending an unbroken payout record that dates back to 1972.

Rhea-AI Summary

Friedman Industries (FRD) declared a cash dividend of $0.04 per common share on September 22, 2026.

The dividend is payable on November 13, 2026 to shareholders of record as of the close of business on October 23, 2026. This is the company’s 219th consecutive quarterly cash dividend since it became publicly traded in 1972. The Board reviews dividends quarterly and aims to keep the payout stable, with potential increases when the company’s financial position and operations support a higher sustainable amount.

Positive

• $0.04 per share cash dividend declared on common stock
• 219th consecutive quarterly cash dividend since 1972
• Board aims to maintain a stable dividend and may increase it when financial conditions support a higher level

Negative

• Company states there is no guarantee that dividend payments will always continue in the future

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LONGVIEW, Texas, Sept. 22, 2026 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NASDAQ/GS: FRD) a Texas-based company engaged in metals processing, pipe manufacturing, and metals distribution, declared on September 22, 2026, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 13, 2026 to shareholders of record at the close of business on October 23, 2026. This dividend marks the Company’s 219^th consecutive quarterly cash dividend since becoming publicly traded in 1972.

Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board’s desire is to pay a dividend at a level that it feels can be held stable for the foreseeable future and which may be increased periodically as the Company’s financial position and operations become supportive of a new amount that the Board believes is sustainable. The determination to pay cash dividends takes into account various factors, including our financial condition, operating results, current and anticipated cash needs and growth plans. While we have paid a dividend every quarter since becoming a public company in 1972 and currently intend to continue that practice, there is no guarantee that payments of dividends will always continue in the future.

For further information regarding this dividend, please contact Mr. Alex LaRue, Chief Financial Officer – Secretary and Treasurer at (903)758-3431.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When are the record date and payment date for Friedman Industries’ latest dividend?

The record date for the $0.04 per share dividend is the close of business on October 23, 2026, and the payment date is November 13, 2026.

What factors does Friedman Industries consider when deciding on future dividends?

Dividend decisions take into account the company’s financial condition, operating results, current and anticipated cash needs, and growth plans. The Board reviews these factors on a quarterly basis.

What is the Board’s stated dividend policy at Friedman Industries?

The Board’s stated desire is to pay a dividend at a level it believes can be held stable for the foreseeable future and to periodically increase it when the company’s financial position and operations support a new sustainable amount, while noting that dividends are not guaranteed.