Friedman Industries, Incorporated Announces Cash Dividend

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HOUSTON-(Business Wire)-September 3, 2009 - 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 on September 3, 2009, a quarterly cash dividend of $0.01 per share on the Common Stock of the Company. The Company will pay the cash dividend on November 20, 2009, to shareholders of record at the close of business on October 23, 2009.

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

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