PENX (MM)

Penford Corporation (Nasdaq: PENX) today announced that its Board of Directors declared the Company's regular quarterly dividend following their April 21, 2006 meeting. The Board declared a regular $0.06 per share quarterly dividend payable June 2, 2006, to shareholders of record at the close of business May 12, 2006. About Penford Corporation Penford Corporation develops, manufactures and markets specialty natural-based ingredient systems for various applications, including papermaking, textiles and food products.