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Friedman Industries (FRD) Approves Quarterly Dividend and Adds Board Member

December 5, 2006 5:06 PM EST
FRD Hot Sheet
Dividend Yield: 4.8%
Friedman Industries, Incorporated (AMEX: FRD) declared a quarterly cash dividend of $.10 per share on the Common Stock of the Company to be paid on February 23, 2007, to shareholders of record at the close of business on January 26, 2007.

In other action, the Board of Directors voted to increase the size of the board from eight to nine members and elected Dr. Durga D. Agrawal to fill the vacancy

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