The Board of Directors of Friedman Industries, Incorporated (NYSE--MKT Trading symbol: FRD), a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on March 30, 2017, a cash dividend of $0.01 per share on the Common Stock of the Company. The Company will pay the cash dividend on May 26, 2017, to shareholders of record at the close of business on April 28, 2017.

For further information regarding this dividend, please contact Mr. Alex LaRue, Vice President – Secretary and Treasurer, at (903) 758-3431.

Friedman Industries, IncorporatedAlex LaRue, (903) 758-3431Vice President – Secretary and Treasurer

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