Friedman Industries announces a $0.04 cash dividend, continuing 218 consecutive quarterly payments, payable August 7, 2026.
Quiver AI Summary
Friedman Industries, Incorporated, announced a cash dividend of $0.04 per share on its Common Stock, set to be paid on August 7, 2026, to shareholders of record by July 17, 2026. This marks the company's 218th consecutive quarterly cash dividend since going public in 1972. The Board of Directors aims to maintain a stable dividend level, potentially increasing it based on the company's financial condition and operational performance. While the company has consistently paid dividends every quarter since its IPO, future payments are not guaranteed and are contingent on various financial factors. For more details, inquiries can be directed to the Chief Financial Officer, Mr. Alex LaRue.
Potential Positives
- The declaration of a cash dividend of $0.04 per share demonstrates the company's commitment to returning value to its shareholders.
- This dividend marks the company’s 218th consecutive quarterly cash dividend since going public, highlighting a strong and stable financial performance over several decades.
- The Board's intention to maintain and potentially increase the dividend reflects confidence in the company's financial position and operational capabilities.
Potential Negatives
- The press release includes a cautionary statement that there is no guarantee dividends will always continue in the future, which may raise concerns among investors about the company's financial stability.
- Despite a long history of consecutive dividends, the wording suggests the Board's commitment to maintaining the dividend is dependent on the company’s financial condition, which could indicate potential vulnerabilities.
FAQ
What is the recent dividend declared by Friedman Industries?
Friedman Industries declared a cash dividend of $0.04 per share on June 24, 2026.
When will shareholders receive the dividend payment?
Shareholders will receive the dividend payment on August 7, 2026.
What is the history of dividends for Friedman Industries?
This dividend marks the 218th consecutive quarterly cash dividend since the company became public in 1972.
Is there a guarantee for future dividends from Friedman Industries?
While the company has a strong history of paying dividends, there is no guarantee for future payments.
Who can shareholders contact for more information regarding the dividend?
Shareholders can contact Mr. Alex LaRue, CFO, at (903) 758-3431 for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FRD Insider Trading Activity
$FRD insiders have traded $FRD stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $FRD stock by insiders over the last 6 months:
- MIKE J TAYLOR (President / CEO / Director) has made 4 purchases buying 1,600 shares for an estimated $29,250 and 0 sales.
- GAURAV CHHIBBAR (Chief Operating Officer) has made 2 purchases buying 1,400 shares for an estimated $25,126 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FRD Hedge Fund Activity
We have seen 30 institutional investors add shares of $FRD stock to their portfolio, and 26 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- INFORMED MOMENTUM CO LLC removed 34,223 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $701,229
- CITADEL ADVISORS LLC added 25,648 shares (+inf%) to their portfolio in Q1 2026, for an estimated $454,482
- O'SHAUGHNESSY ASSET MANAGEMENT, LLC removed 24,249 shares (-35.0%) from their portfolio in Q1 2026, for an estimated $429,692
- LSV ASSET MANAGEMENT removed 18,785 shares (-65.7%) from their portfolio in Q1 2026, for an estimated $332,870
- SQUAREPOINT OPS LLC added 18,208 shares (+inf%) to their portfolio in Q1 2026, for an estimated $322,645
- RITHOLTZ WEALTH MANAGEMENT removed 14,367 shares (-34.6%) from their portfolio in Q1 2026, for an estimated $254,583
- GOLDMAN SACHS GROUP INC added 13,809 shares (+107.3%) to their portfolio in Q1 2026, for an estimated $244,695
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
LONGVIEW, Texas, June 24, 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 June 24, 2026, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 7, 2026 to shareholders of record at the close of business on July 17, 2026. This dividend marks the Company’s 218 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.
