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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...June 13, 2006... Todd Shipyards Corporation
("Company") (NYSE:TOD) announced that its Board of Directors, on June 12, 2006,
declared a dividend of fifteen cents ($0.15) per share to be paid September 25, 2006
to all shareholders of record as of September 8, 2006. The Company had
previously announced its intent to pay a dividend of fifteen cents ($0.15)
per share payable on June 23, 2006 to all shareholders of record as of
June 8, 2006 and an extraordinary dividend of four dollars ($4.00) per
share payable on June 20, 2006 to all shareholders of record as of June 5, 2006.
Todd Pacific 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 and provides new construction and
industrial fabrication services for a wide variety of customers. Its customers
include the U.S. Navy, the U.S. Coast Guard, NOAA, the Washington State Ferry
system, the Alaska Marine Highway System, and various other commercial and
governmental customers. Todd has operated a shipyard in Seattle since 1916.
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