Gulf Island Fabrication Declares Dividend on Common Stock

Gulf Island Fabrication's Board has declared a dividend of $0.01 per share on Gulf Island Fabrication, Inc.'s approximately 14.3 million shares of common stock outstanding.

The dividend was declared during a regular meeting of the board held on July 24, 2009 and is payable August 24, 2009, to shareholders of record on August 10, 2009.