Friedman Industries, Incorporated Announces Cash Dividend

The Board of Directors of Friedman Industries, Incorporated (NYSE-MKT:FRD), a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 22, 2013, a quarterly cash dividend of $0.08 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 17, 2013, to shareholders of record at the close of business on April 19, 2013.

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

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