Gulf Island Fabrication Declares Dividend on Common Stock

Gulf Island Fabrication's board of directors declared a dividend of $0.01 per share on Gulf Island Fabrication's approximately 14.3 million shares of common stock outstanding.

The dividend was declared during a regular meeting of the board held on October 23, 2009 and is payable November 23, 2009, to shareholders of record on November 9, 2009.