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Todd Pacific 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 21, 2005... Todd Shipyards Corporation ("Company")
(NYSE:TOD) announced that its Board of Directors, on March 18, 2005, declared a dividend of
ten cents ($0.10) per share to be paid June 23, 2005 to all shareholders of record as of
June 8, 2005. The Company had previously announced its intent to pay a dividend of ten
cents ($0.10) per share payable on March 23, 2005 to all shareholders of record as of March 8, 2005.
The Company's 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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