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Todd Shipyards Corporation Announces Dividend
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Via Facsimile
Total Pages - 1
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Contact: Hilary Pickerel
Shareholder Relations
206-623-1635 Ext. 106
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SEATTLE, WASHINGTON...September 12, 2005...
Todd Shipyards Corporation (“Company”) (NYSE:TOD) announced that its Board of
Directors, on September 9, 2005, declared a dividend of ten cents ($0.10) per
share to be paid December 23, 2005 to all shareholders of record as of December
8, 2005. The Company had previously announced its intent to pay a dividend of
ten cents ($0.10) per share payable on September 23, 2005 to all shareholders
of record as of September 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 the U.S. Navy, the U.S. Coast Guard,
the Washington State Ferry system, NOAA, the Alaska Marine Highway
system, and other government units.
Todd has operated a shipyard in Seattle since 1916.
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