The Board of Directors of Friedman Industries, Incorporated, declared on June 20, 2023, a cash dividend of $0.02 per share on the Common Stock of the Company. The Company will pay the cash dividend on August 11, 2023 to shareholders of record at the close of business on July 21, 2023. This dividend marks the Company’s 206th consecutive quarterly cash dividend with the Company having paid a cash dividend every quarter since becoming publicly traded in 1972.