Street Calls of the Week
LONGVIEW, Texas - Friedman Industries, Incorporated (NASDAQ:FRD), whose stock has surged over 56% in the past year and currently trades near its 52-week high of $22.96, announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.04 per share on the company’s common stock.
The dividend will be paid on November 14, 2025, to shareholders of record at the close of business on October 24, 2025, according to a press release statement from the Texas-based metals processing, pipe manufacturing, and metals distribution company. The current dividend yield stands at 0.75%, with InvestingPro data showing the company maintains a strong liquidity position with a current ratio of 3.9.
This marks Friedman Industries’ 215th consecutive quarterly cash dividend since the company became publicly traded in 1972, reflecting a remarkable 53-year streak of consistent dividend payments. InvestingPro analysis reveals 12 additional key insights about FRD’s financial health and market performance.
The company’s Board of Directors reviews dividend payments quarterly, taking into account various factors including financial condition, operating results, current and anticipated cash needs, and growth plans when determining dividend amounts.
Friedman Industries has maintained its practice of paying quarterly dividends throughout its history as a public company, though the company noted that future payments are not guaranteed.
In other recent news, Friedman Industries announced the appointment of Gaurav Chhibbar as its new Chief Operating Officer, effective July 10, 2025. Chhibbar brings a wealth of experience from his previous roles at Boston Consulting Group, Metal Edge Partners, and Cargill. Additionally, the company declared a quarterly cash dividend of $0.04 per share, payable on August 8, 2025, to shareholders of record as of July 18, 2025. This decision reflects the company’s ongoing commitment to returning value to its shareholders.
In another development, Friedman Industries appointed Baker Tilly as its new independent registered public accounting firm following the merger of Moss Adams with Baker Tilly. The transition occurred after Moss Adams resigned due to the merger, with the audit committee approving Baker Tilly as the successor auditor. The audit reports from Moss Adams on Friedman Industries’ financial statements for the fiscal years ending March 31, 2025, and 2024, did not contain any adverse opinions or qualifications. These recent developments indicate significant operational and financial changes within the company.
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