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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...May 24, 2004... Todd Shipyards Corporation ("Todd" or the "Company")
(NYSE:TOD) announced that at a meeting conducted on May 21, 2004, its Board of Directors declared
a dividend of ten cents ($0.10) per share to be paid September 23, 2004 to all shareholders of
record as of September 8, 2004. The Company had previously announced its intent to pay a dividend
of ten cents ($0.10) per share payable on June 23, 2004 to all shareholders of record as of
June 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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