Friedman Industries, Incorporated Announces Cash Dividend and the Addition of New Director

Business Wire,  March 27, 2008  

Tags: dividend

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HOUSTON -- On March 26, 2008, the Board of Directors of Friedman Industries, Incorporated (AMEX:FRD), a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared a quarterly cash dividend of $.05 per share on the Common Stock of the Company to be paid on May 23, 2008, to shareholders of record at the close of business on April 25, 2008.

In other action, the Board of Directors voted to increase the size of the board from nine to ten members and elected Max Reichenthal to fill the vacancy. Mr. Reichenthal is the President of Texas Iron and Metal Company, a Texas corporation doing business as a new and surplus steel service center in Houston, Texas.

For further information regarding this press release, please contact Mr. Ben Harper, Senior Vice President-Finance at 713-672-9433.

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