Friedman Industries, Incorporated Announces Cash Dividend

Rhea-AI Summary

Friedman Industries (NASDAQ/GS: FRD), a Texas-based company specializing in steel processing, pipe manufacturing, and distribution, has declared a quarterly cash dividend of $0.04 per share. The dividend will be paid on August 8, 2025, to shareholders of record as of July 18, 2025.

This marks FRD's 214th consecutive quarterly dividend since its public listing in 1972. The company's Board of Directors reviews dividends quarterly, aiming to maintain stable payments that can be potentially increased as financial conditions permit.

Positive

• Maintains 214 consecutive quarterly dividend payments since 1972, demonstrating long-term financial stability
• Consistent dividend policy with potential for future increases based on performance

Negative

• None.

LONGVIEW, Texas, June 25, 2025 (GLOBE NEWSWIRE) -- -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NASDAQ/GS: FRD) a Texas-based company engaged in steel processing, pipe manufacturing, and steel and pipe distribution, declared on June 25, 2025, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 8, 2025 to shareholders of record at the close of business on July 18, 2025. This dividend marks the Company’s 214^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

What is the amount of Friedman Industries' (FRD) latest dividend payment?

Friedman Industries declared a cash dividend of $0.04 per share, payable on August 8, 2025, to shareholders of record as of July 18, 2025.

How long has Friedman Industries (FRD) been paying consecutive quarterly dividends?

Friedman Industries has paid 214 consecutive quarterly dividends since becoming publicly traded in 1972.

When is the record date for Friedman Industries' (FRD) latest dividend?

The record date for Friedman Industries' latest dividend is July 18, 2025. Shareholders must own the stock by this date to receive the dividend.

What factors does Friedman Industries consider when declaring dividends?

Friedman Industries considers several factors including financial condition, operating results, current and anticipated cash needs, and growth plans when declaring dividends.

What is Friedman Industries' (FRD) dividend policy?

The company aims to maintain a stable dividend level that can be sustained for the foreseeable future, with potential periodic increases based on improved financial position and operations.