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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 18, 2006...Todd Shipyards Corporation
("Company") (NYSE:TOD) announced that its Board of Directors, on September 15, 2006,
declared a dividend of fifteen cents ($0.15) per share to be paid
December 22, 2006 to all shareholders of record as of December 6, 2006. The
Company had previously announced its intent to pay a dividend of fifteen cents ($0.15)
per share payable on September 25, 2006 to all shareholders of record as of
September 8, 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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