Seeking Alpha

Friedman Industries (FRD) declares $0.08/share quarterly dividend. Forward yield 3.21%. For...

Friedman Industries (FRD) declares $0.08/share quarterly dividend. Forward yield 3.21%. For shareholders of record Apr. 19. Payable May 17. Ex-div date Apr. 17. (PR)
Comments (1)
  • MWinMD
    , contributor
    Comments (2835) | Send Message
     
    In other words they are cutting their dividend. I got out of this one a couple months ago because I couldn't understand why it was above book value with the steel outlook like it was. Seems like things are finally catching up? Will buy again if it gets down to low $9 range but it may go even lower. Very solid balance sheet.
    25 Mar 2013, 12:36 PM Reply Like
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