Friedman Industries, Incorporated Announces Cash Dividend, Payable on August 16, 2024
June 26, 2024 at 05:27 pm
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The Board of Directors of Friedman Industries, Incorporated declared on June 26, 2024, a cash dividend of $0.04 per share on the Common Stock
of the Company. The Company will pay the cash dividend on August 16, 2024 to shareholders of record at the close of business on July 26, 2024. This dividend marks the Company?s 210th consecutive quarterly cash dividend since becoming publicly traded in 1972.
Friedman Industries, Incorporated is a manufacturer and processor of steel products. Its segments include flat-roll products and tubular products. The flat-roll product segment consists of the operation of five hot-rolled coil processing facilities located in Hickman, Arkansas; Decatur, Alabama; East Chicago, Indiana; Granite City, Illinois, and Sinton, Texas. The Hickman, Granite City and East Chicago facilities operate temper mills and cut-to-length lines. The Decatur and Sinton facilities operate stretcher leveler cut-to-length lines. The tubular product segment consists of the Company's Texas Tubular Products division (TTP) located in Lone Star, Texas. TTP operates two electric resistance welded pipe mills with a combined outside diameter size range of 2 3/8 OD to 8 5/8 OD. Both pipe mills are American Petroleum Institute (API) licensed to manufacture line pipe and oil country pipe and also manufacture pipe for structural purposes that meets other recognized industry standards.
FRIEDMAN INDUSTRIES, INCORPORATED 
