Friedman Industries's most recent quarterly dividend was on Oct 13, 2022 (ex-date) with a cash dividend payment of $0.02 per share. On an annualized basis, the company has a current payout of $0.08 per share. This brings the dividend yield to 0.88% based on its recent close price.
Friedman Industries's dividend yield of 0.88% is below the Basic Materials sector, the industry and its peers average. Compared to its Basic Materials sector average of 1.9%, Friedman Industries's dividend yield is 54% lower. Historically FRD's dividend yield has averaged at 1.4% in the last 5 years, which is above the current yield.
Friedman Industries has been paying dividends since 1995. FRD has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 16% from a year ago, the dividend yield has increased by 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Oct 13, 2022 | Nov 18, 2022 | Sep 13, 2022 | $0.02 | normal |
| Jul 21, 2022 | Aug 12, 2022 | Jun 28, 2022 | $0.02 | normal |
| Apr 28, 2022 | May 27, 2022 | Mar 31, 2022 | $0.02 | normal |
| Jan 13, 2022 | Feb 11, 2022 | Dec 14, 2021 | $0.02 | normal |
| Oct 7, 2021 | Nov 12, 2021 | Sep 10, 2021 | $0.02 | normal |
| Jul 15, 2021 | Aug 6, 2021 | Jun 28, 2021 | $0.02 | normal |
| Apr 22, 2021 | May 21, 2021 | Mar 24, 2021 | $0.02 | normal |
| Jan 7, 2021 | Feb 5, 2021 | Dec 9, 2020 | $0.02 | normal |
| Oct 8, 2020 | Nov 13, 2020 | Sep 10, 2020 | $0.02 | normal |
| Jul 16, 2020 | Aug 7, 2020 | Jun 25, 2020 | $0.02 | normal |
| Apr 23, 2020 | May 22, 2020 | Mar 26, 2020 | $0.02 | normal |
| Jan 9, 2020 | Feb 7, 2020 | Dec 5, 2019 | $0.02 | normal |
| Oct 10, 2019 | Nov 15, 2019 | Sep 12, 2019 | $0.02 | normal |
| Jul 18, 2019 | Aug 9, 2019 | Jun 19, 2019 | $0.04 | normal |
| Apr 25, 2019 | May 24, 2019 | Mar 18, 2019 | $0.04 | normal |
| Jan 10, 2019 | Feb 8, 2019 | Dec 3, 2018 | $0.06 | normal |
| Oct 11, 2018 | Nov 16, 2018 | Aug 30, 2018 | $0.06 | normal |
| Jul 12, 2018 | Aug 10, 2018 | Jun 6, 2018 | $0.03 | normal |
| Apr 26, 2018 | May 25, 2018 | Mar 27, 2018 | $0.02 | normal |
| Jan 11, 2018 | Feb 9, 2018 | Dec 6, 2017 | $0.01 | normal |
| Oct 12, 2017 | Nov 17, 2017 | Sep 19, 2017 | $0.01 | normal |
| Jul 12, 2017 | Aug 11, 2017 | Jun 2, 2017 | $0.01 | normal |
| Apr 26, 2017 | May 26, 2017 | Mar 30, 2017 | $0.01 | normal |
| Jan 11, 2017 | Feb 10, 2017 | Dec 2, 2016 | $0.01 | normal |
| Oct 12, 2016 | Nov 18, 2016 | Sep 1, 2016 | $0.01 | normal |
Friedman Industries's payout ratio of 4.1% is below the Basic Materials sector, the industry and its peers average. Compared to its Basic Materials sector average of 25.8%, Friedman Industries's payout ratio is 84% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WOR Worthington Industries Inc | 2.06% | $1.15 | 18.3% |
| RS Reliance Steel & Aluminum Co | 1.68% | $3.5 | 11.3% |
| NUE Nucor Corp | 1.36% | $2 | 6.3% |
| FRD Friedman Industries Inc | 0.88% | $0.08 | 4.1% |
| ZEUS Olympic Steel Inc | 0.81% | $0.29 | 3% |
| X United States Steel Corp | 0.78% | $0.2 | 1.5% |
Yes, Friedman Industries has been paying dividends for the last 28 years.
Currently FRD's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in January 2023.
Friedman Industries's last dividend ex-date was on Oct 13, 2022. The dividend amount was $0.02 per share.
FRD's annualized dividend per share is $0.08.
Currently Friedman Industries's dividend yield is 0.88%.
Friedman Industries pays dividends quarterly.
The dividend payout ratio of Friedman Industries is 4.1%.
Friedman Industries's dividend yield is below the Basic Materials sector average.