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Todd Shipyards Corporation Announces Dividend
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Via Facsimile
Total Pages - 1
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Contact: Summer O'Connor
Shareholder Relations
206-623-1635 Ext. 106
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SEATTLE, WASHINGTON...March 23, 2004... Todd Shipyards Corporation ("Todd"
or the "Company") (NYSE:TOD) announced that at a meeting conducted on March 19, 2004,
its Board of Directors declared a dividend of ten cents ($0.10) per share to be paid
June 23, 2004 to all shareholders of record as of June 8, 2004. The Company had previously
announced its intent to pay a dividend of ten cents ($0.10) per share payable on
March 23, 2004 to all shareholders of record as of March 8, 2004 and quarterly thereafter.
Todd Shipyards Corporation is traded on the New York Stock Exchange (symbol TOD). Its
wholly owned subsidiary, Todd Pacific Shipyards Corporation, performs a substantial amount
of repair and maintenance work on commercial and federal government vessels engaged in
various seagoing trade activities in the Pacific Northwest. Its customers include cruise
ships, U.S. flag cargo carriers, fishing boats, tankers, tugs and barges, the U.S.
Navy, the U.S. Coast Guard, the Washington State Ferry system, the Alaska Marine Highway
system, and other government units.
Todd has operated a shipyard in Seattle since 1916.
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