Friedman Industries Stock Trades Lower Ahead of Dividend, Steel Sector Up
Friedman Industries shares fell 0.6% to $20.60 Wednesday afternoon, underperforming rising steel and small-cap indexes. No new company news appeared ahead of its scheduled $0.04-per-share dividend payment on May 22. Volume was 10,229 shares, with a market value near $146.5 million. The company last reported quarterly net earnings of $3 million on $168 million in sales.