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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...March 19, 2007...Todd Shipyards Corporation ("Company") (NYSE:TOD)
announced that its Board of Directors, on March 17, 2007, declared a dividend of fifteen cents
($0.15) per share to be paid June 25, 2007 to all shareholders of record as of
June 8, 2007. Additionally, the Company had previously announced its intent to pay a
dividend of fifteen cents ($0.15) per share payable on March 23, 2007 to all shareholders of
record as of March 8, 2007.
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, Military Sealift Command, MARAD, NOAA,
the Washington State Ferry system, the Alaska Marine Highway System, and
various other commercial and governmental customers. Todd Shipyards Corporation
has operated a shipyard in Seattle since 1916.
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