WAYNE, Pa.--(BUSINESS WIRE)--July 27, 2006--Triumph Group, Inc.
(NYSE:TGI) today announced that its Board of Directors, at its meeting
today, has declared the company's first quarterly cash dividend of
$0.04 per share of common stock. The plan approved by the Board
anticipates a total annual dividend of $0.16 per common share. The
actual declaration of dividends, and the setting of record and payment
dates, is subject to final determination by the Board each quarter
after review of the company's financial performance.
The company's first cash dividend is payable to shareholders of
record of August 21, 2006 and will be paid on September 11, 2006.
Richard C. Ill, Triumph's President and Chief Executive Officer,
said, "The declaration of our first cash dividend reflects our
continuing commitment to enhancing shareholder value. This dividend,
supported by our strong financial position, provides us the
opportunity to return a portion of the cash flow generated from our
operations to our shareholders. While we have initiated a dividend, we
fully intend to continue to invest in growing our business."
Triumph Group, Inc., headquartered in Wayne, Pennsylvania,
designs, engineers, manufactures, repairs and overhauls aircraft
components and accessories. The company serves a broad, worldwide
spectrum of the aviation industry, including original equipment
manufacturers of commercial, regional, business and military aircraft
and aircraft components, as well as commercial and regional airlines
and air cargo carriers.
More information about Triumph can be found on the Internet at
Statements in this release which are not historical facts are
forward-looking statements under the provisions of the Private
Securities Litigation Reform Act of 1995, including expectations of
future growth. All forward-looking statements involve risks and
uncertainties which could affect the company's actual results and
could cause its actual results to differ materially from those
expressed in any forward looking statements made by, or on behalf of,
the company. Further information regarding the important factors that
could cause actual results to differ from projected results can be
found in Triumph's reports filed with the SEC, including our Annual
Report on Form 10-K for the year ended March 31, 2006.
CONTACT: Triumph Group, Inc.
John Bartholdson, 610-251-1000
SOURCE: Triumph Group, Inc.