Friedman Industries, Incorporated Announces Cash Dividend

Rhea-AI Summary

Friedman Industries (NYSE American: FRD), a Texas-based company specializing in steel processing, pipe manufacturing, and steel and pipe distribution, has announced a quarterly cash dividend of $0.04 per share. The dividend will be paid on May 23, 2025, to shareholders of record as of April 25, 2025.

This marks FRD's 213th consecutive quarterly dividend since its public listing in 1972. The Board of Directors reviews dividends quarterly, aiming to maintain stable payments with potential periodic increases based on the company's financial position and operations. The dividend decision considers various factors including financial condition, operating results, cash needs, and growth plans.

Positive

• 213 consecutive quarterly dividend payments since 1972, demonstrating consistent shareholder returns
• Board's commitment to maintaining stable dividend payments

Negative

• None.

LONGVIEW, Texas, March 19, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE American: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on March 19, 2025, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 23, 2025 to shareholders of record at the close of business on April 25, 2025. This dividend marks the Company’s 213^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

When will Friedman Industries (FRD) pay its latest quarterly dividend?

FRD will pay the $0.04 per share dividend on May 23, 2025, to shareholders of record as of April 25, 2025.

How many consecutive quarterly dividends has FRD paid since going public?

Friedman Industries has paid 213 consecutive quarterly dividends since becoming publicly traded in 1972.

What factors does FRD consider when declaring dividends?

FRD considers financial condition, operating results, current and anticipated cash needs, and growth plans when declaring dividends.

What is the dividend amount for FRD's latest quarterly payment?

The latest quarterly dividend declared by FRD is $0.04 per share.