Friedman Industries Dividend
Dividend criteria checks 2/6
Friedman Industries is a dividend paying company with a current yield of 0.82% that is well covered by earnings. Next payment date is on 24th May, 2024 with an ex-dividend date of 25th April, 2024.
Key information
0.8%
Dividend yield
3%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 24 May 24 |
| Ex dividend date | 25 Apr 24 |
| Dividend per share | n/a |
| Earnings per share | US$2.65 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FRD's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRD's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Friedman Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FRD) | 0.8% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Metals and Mining) | 2.2% |
| Analyst forecast in 3 Years (FRD) | n/a |
Notable Dividend: FRD's dividend (0.82%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.58%).
High Dividend: FRD's dividend (0.82%) is low compared to the top 25% of dividend payers in the US market (4.8%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (3.1%), FRD's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14.2%), FRD's dividend payments are thoroughly covered by cash flows.