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Stock impact report

FRIEDMAN INDUSTRIES, INCORPORATED INCREASES CASH DIVIDEND [Yahoo! Finance]

Friedman Industries Inc. (FRD) 
NASDAQ:AMEX Investor Relations: friedmanindustries.com/clients.html
Company Research Source: Yahoo! Finance
LONGVIEW, Texas, March 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NYSE-American: FRD) a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 20, 2024, a cash dividend of $0.04 per share on the Common Stock of the Company. "Our future has never been brighter. We are increasing Friedman's dividend based on our favorable outlook for consistent earnings and further growth," said Mike Taylor, Chairman and Chief Executive Officer. "Friedman's strategic transformation gives us room to grow using our industry leading assets and favorable geographic reach. Our high-quality products are now a vital part of the defined supply chain for many of the country's top steel consumers." The Company will pay the cash dividend on May 24, 2024 to shareholders of record at the close of business on April 26, 2024. This dividend marks the Company's 209 th consecutive quarterly c Show less Read more
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