Friedman Industries Stock Trades Lower Ahead of Dividend, Steel Sector Up
Friedman Industries shares traded lower on light volume Wednesday afternoon, trailing other steel stocks. The Texas metals processor is set to pay its next quarterly dividend in two days. The stock lost 13 cents to $20.60, trading between $20.04 and $20.73. Latest volume was 10,229 shares. The company’s market cap was roughly $146.5 million.