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Todd Pacific Shipyards Corporation Announces Dividend
Via Facsimile
Total Pages - 1
Contact: Hilary Pickerel
Shareholder Relations
206-623-1635 Ext. 106
SEATTLE, WASHINGTON...June 11, 2007...Todd Shipyards Corporation ("Company") (NYSE:TOD) announced that its Board of Directors, on June 8, 2007, declared a dividend of fifteen cents ($0.15) per share to be paid September 24, 2007 to all shareholders of record as of September 7, 2007. Additionally, the Company had previously announced its intent to pay a dividend of fifteen cents ($0.15) per share payable on June 25, 2007 to all shareholders of record as of June 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, 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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