Friedman Industries Announces Special Cash Dividend

The Board of Directors of Friedman Industries, Incorporated

, a Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on December 7, 2012, a special cash dividend of $0.50 per share on the Common Stock of the Company. The Company will pay the cash dividend on December 28, 2012, to shareholders of record at the close of business on December 18, 2012.