Friedman Industries Inc. Common Stock

Friedman Industries, Incorporated announced a cash dividend of $0.04 per share on its Common Stock. The Board of Directors declared the dividend on June 24, 2026, payable on August 7, 2026 to shareholders of record as of July 17, 2026. This marks the company's 218th consecutive quarterly cash dividend since going public in 1972.

Friedman Industries shares have jumped 36.4% since reporting fourth-quarter fiscal 2026 results, far outpacing the S&P 500's 3.4% gain. Net earnings for the quarter ended March 31, 2026, rose to $9.2 million, or $1.30 per diluted share, from $5.3 million, or $0.76 per share, a year earlier, while net sales climbed 48.4% to $191.8 million. The flat-roll segment generated $175.7 million in sales, up from $117.7 million, and the tubular segment posted $16.1 million, up from $11.5 million. For the full fiscal year, net earnings reached $19.5 million on sales of $646.9 million, and annual sales volume hit a record 706,000 tons, aided by the Century Metals acquisition. Management expects first-quarter fiscal 2027 sales volumes to be comparable to the fourth quarter and anticipates sequential margin improvement.