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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...December 14, 2006...Todd Shipyards Corporation
("Company") (NYSE:TOD) announced that its Board of Directors, on December 14, 2006,
declared a dividend of fifteen cents ($0.15) per share to be paid March 23, 2007 to
all shareholders of record as of March 8, 2007. Additionally, the Company had
previously announced its intent to pay a dividend of fifteen cents ($0.15) per
share payable on December 22, 2006 to all shareholders of record as of December 6, 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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