The Vanguard Group's 13G Filing for Friedman Industries Inc

The Vanguard Group has filed a Schedule 13G with the SEC, disclosing its ownership of 356,970 shares of common stock in Friedman Industries Inc, representing 5.05% of the company's outstanding shares. The filing indicates that The Vanguard Group has shared voting power over 2,767 shares and shared dispositive power over 5,199 shares. The remaining shares are under sole dispositive power. The filing also notes that The Vanguard Group's clients, including investment companies and managed accounts, have the right to receive dividends or proceeds from the sale of these securities. The filing is made under Rule 13d-1(b) and is signed by Ashley Grim, Head of Global Fund Administration, on behalf of The Vanguard Group.