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Friedman Industries (FRD) Increases their Quarterly Dividend 100% to $0.08; Yields 5.2%

Friedman Industries, Incorporated (AMEX: FRD) declares a quarterly cash dividend of $0.08 per common share, $0.32 annualized. The Company will pay the cash dividend on November 19, 2010, to shareholders of record at the close of business on October 22, 2010. The ex-dividend date is October 20, 2010. Yield on the dividend is 5.2%.

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