Friedman Industries, Incorporated Announces Cash Dividend

Rhea-AI Summary

Friedman Industries (NASDAQ: FRD) declared a cash dividend of $0.04 per share on Common Stock on March 31, 2026. The dividend will be paid on May 22, 2026 to shareholders of record at the close of business on April 24, 2026.

This marks the company’s 217th consecutive quarterly cash dividend since going public in 1972. Dividends remain at the Board’s discretion and are reviewed quarterly; the Board intends to maintain stability and may increase the amount when sustainable.

Positive

• $0.04 cash dividend declared per share
• May 22, 2026 payment date for the dividend
• 217th consecutive quarterly dividend since 1972

Negative

• Dividends are discretionary and not guaranteed
• Record date April 24, 2026 required to receive payment

News Market Reaction – FRD

-0.39%

1 alert

-0.39% News Effect

On the day this news was published, FRD declined 0.39%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONGVIEW, Texas, March 31, 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 March 31, 2026, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 22, 2026 to shareholders of record at the close of business on April 24, 2026. This dividend marks the Company’s 217^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 dividend did Friedman Industries (FRD) declare on March 31, 2026?

The company declared a $0.04 per share cash dividend. According to Friedman Industries, the dividend was announced March 31, 2026 and applies to Common Stock for shareholders of record.

When will Friedman Industries (FRD) pay the May 2026 dividend and who is eligible?

The dividend will be paid on May 22, 2026 to holders of record at the close of business on April 24, 2026. According to Friedman Industries, eligibility is determined by the April 24 record date.

How many consecutive quarterly dividends has Friedman Industries (FRD) paid?

Friedman Industries has paid 217 consecutive quarterly cash dividends since becoming public in 1972. According to Friedman Industries, this streak extends through the March 31, 2026 declaration.

Does Friedman Industries (FRD) guarantee future dividend payments after March 31, 2026?

No, future payments are not guaranteed; dividends are declared at the Board’s discretion. According to Friedman Industries, the Board reviews dividends quarterly and considers financial condition before declaring payments.

Who can investors contact for more information about the FRD dividend?

Investors can contact Alex LaRue, CFO–Secretary and Treasurer, for dividend details. According to Friedman Industries, Mr. LaRue is reachable at the phone number provided for further inquiries.