SmarterDividends
FRD

Friedman Industries, Incorporated

FRD

Basic Materials · Steel · Stock · quarterly payer

$40.48

Undervalued · +36% Add to Portfolio

Forward Yield

0.40%

Annual Dividend

$0.16

Payout Ratio

4%

5-Yr Growth

14.9%

Ex-Date

Oct 23, 2026

Frequency

Quarterly

Key facts about FRD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Friedman Industries, Incorporated (FRD) has a forward dividend yield of 0.40%, based on an annual dividend of $0.16 per share and a share price of $40.48.
  • As of Oct 18, 2026, FRD's dividend safety grade from SmarterDividends is B (73 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Friedman Industries, Incorporated (FRD) has raised its dividend for 2 consecutive years as of Oct 18, 2026.
  • FRD last cut its regular dividend in 2020.
  • FRD's next ex-dividend date is Oct 23, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 18, 2026, FRD pays out 4% of its trailing 12-month earnings as dividends (its payout ratio).
  • FRD's dividend has grown at an average rate of 14.9% a year over the past five years.
  • As of Oct 18, 2026, FRD's 0.40% yield is 50% below its five-year average yield of 0.80%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for FRD is $54.99 per share, 36% above the $40.48 share price, so FRD screens as undervalued.
  • Friedman Industries, Incorporated (FRD) pays its dividend quarterly, 4 times a year.
  • Friedman Industries, Incorporated (FRD) has raised its regular dividend 29 times and cut it 19 times across the 161 payments on record since 1987. Its most recent change was a 100.0% increase to $0.0400 per share, going ex-dividend on Apr 25, 2024. The last cut went ex-dividend on Oct 10, 2019.
Cite this page

SmarterDividends, "FRD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/FRD

Summary

As of Oct 18, 2026, Friedman Industries, Incorporated (FRD) yields 0.40% ($0.16 a year per share), has a dividend safety grade of B (73/100) and has 2 consecutive years of dividend increases on record.

Is FRD a good dividend stock?

Yes, with caveats

Friedman Industries, Incorporated (FRD) pays a quarterly dividend yielding 0.40% ($0.16/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (4%)
  • Strong 14.9% 5-yr dividend growth
  • 295% total price return over 5 years

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
0.40%
Payout Ratio
4%
Annual Dividend
$0.16
5-Yr Avg Growth
14.9%
Ex-Dividend Date
Oct 23, 2026
Years of Growth
2
Frequency
quarterly
Beta
1.65
Market Cap
$292.0M
P/E Ratio
10.5
5-Yr Total Return
295%
52-Week Range
$16.55 – $48.77
Dividend Safety
B · 73/100
Ever Cut?
Yes (2020)

FRD dividend raises and cuts

Friedman Industries, Incorporated (FRD) has raised its regular dividend 29 times and cut it 19 times across the 161 payments on record since 1987. Its most recent change was a 100.0% increase to $0.0400 per share, going ex-dividend on Apr 25, 2024. The last cut went ex-dividend on Oct 10, 2019.

Ex-dateChangeOld → newMove
Apr 25, 2024Raise$0.0200 → $0.0400+100.0%
Oct 10, 2019Cut$0.0400 → $0.0200−50.0%
Apr 25, 2019Cut$0.0600 → $0.0400−33.3%
Oct 11, 2018Raise$0.0300 → $0.0600+100.0%
Jul 12, 2018Raise$0.0200 → $0.0300+50.0%
Apr 26, 2018Raise$0.0100 → $0.0200+100.0%
Apr 29, 2015Cut$0.0200 → $0.0100−50.0%
Jan 15, 2014Cut$0.0800 → $0.0200−75.0%
Apr 17, 2013Cut$0.130 → $0.0800−38.5%
Jul 20, 2011Raise$0.110 → $0.130+18.2%
Jan 19, 2011Raise$0.0800 → $0.110+37.5%
Oct 20, 2010Raise$0.0400 → $0.0800+100.0%
Show all 48 changes since 1987
Ex-dateChangeOld → newMove
Jul 21, 2010Raise$0.0100 → $0.0400+300.0%
Oct 21, 2009Cut$0.0300 → $0.0100−66.7%
Jul 22, 2009Cut$0.0500 → $0.0300−40.0%
Apr 22, 2009Cut$0.120 → $0.0500−58.3%
Oct 22, 2008Raise$0.0800 → $0.120+50.0%
Jul 23, 2008Raise$0.0600 → $0.0800+33.3%
Jan 23, 2008Cut$0.0800 → $0.0600−25.0%
Oct 20, 2004Raise$0.0500 → $0.0800+60.0%
Jul 28, 2004Raise$0.0200 → $0.0500+150.0%
Jul 17, 2002Raise$0.0100 → $0.0200+100.0%
Apr 24, 2002Cut$0.0300 → $0.0100−66.7%
Oct 17, 2001Cut$0.0400 → $0.0300−25.0%
Apr 26, 2000Cut$0.0476 → $0.0400−16.0%
Oct 13, 1999Raise$0.0457 → $0.0476+4.2%
Jul 21, 1999Cut$0.0653 → $0.0457−30.0%
Jul 22, 1998Cut$0.0680 → $0.0653−4.0%
Apr 29, 1998Raise$0.0648 → $0.0680+5.0%
Oct 8, 1997Raise$0.0605 → $0.0648+7.1%
Jul 16, 1997Raise$0.0501 → $0.0605+20.7%
Apr 23, 1997Raise$0.0494 → $0.0501+1.5%
Jan 22, 1997Raise$0.0411 → $0.0494+20.0%
Jul 17, 1996Raise$0.0395 → $0.0411+4.2%
Apr 24, 1996Raise$0.0353 → $0.0395+12.0%
Jan 17, 1996Cut$0.0392 → $0.0353−10.0%
Apr 17, 1995Raise$0.0373 → $0.0392+5.0%
Jul 11, 1994Raise$0.0298 → $0.0373+25.0%
Apr 11, 1994Raise$0.0284 → $0.0298+5.0%
Oct 4, 1993Raise$0.0213 → $0.0284+33.3%
Apr 2, 1993Raise$0.0203 → $0.0213+5.0%
Oct 5, 1992Raise$0.0135 → $0.0203+50.0%
Apr 6, 1992Cut$0.0193 → $0.0135−30.0%
Apr 8, 1991Cut$0.0307 → $0.0193−37.0%
Apr 3, 1989Cut$0.0585 → $0.0307−47.5%
Jul 1, 1988Cut$0.139 → $0.0585−58.0%
Jan 4, 1988Raise$0.0835 → $0.139+66.7%
Oct 6, 1987Raise$0.0371 → $0.0835+125.0%
Every FRD payment →Download every raise and cut (CSV)
FRD ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →FRD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FRD a good dividend stock?

Yes, with caveats. Friedman Industries, Incorporated (FRD) pays a quarterly dividend yielding 0.40% ($0.16/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Is FRD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FRD's fair value is about $54.99 versus a $40.48 share price — so it looks undervalued (+36% vs. fair value).

Is FRD's dividend safe?

FRD has a dividend-safety grade of B (73/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is FRD's fair value?

Our blended fair-value estimate for FRD is about $54.99 per share, roughly 36% above the current $40.48 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FRD a buy, hold, or sell?

We don't issue formal ratings, but on the data FRD screens as "yes, with caveats" and undervalued. Friedman Industries, Incorporated (FRD) pays a quarterly dividend yielding 0.40% ($0.16/yr), with 2 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will FRD cut its dividend?

FRD earns a dividend-safety grade of B (73/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FRD pay a dividend?

Yes. Friedman Industries, Incorporated pays a quarterly dividend of about $0.16 per share annually, a forward yield of roughly 0.40%.

What is FRD's dividend yield?

As of Oct 18, 2026, FRD's forward dividend yield is 0.40%, based on a $0.16 annual dividend and a $40.48 share price.

What is FRD's dividend per share?

As of Oct 18, 2026, FRD pays $0.16 per share per year, distributed on a quarterly basis.

What is FRD's dividend payout ratio?

As of Oct 18, 2026, FRD's payout ratio is 4% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has FRD grown its dividend?

As of Oct 18, 2026, FRD has increased its dividend for 2 consecutive years.

When is the next FRD ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for FRD is Oct 23, 2026.

Income Calculator

At $0.16 / yr per share

Per payment (quarterly)$4.00
Annual$16.00
Monthly avg$1.33

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