Manitowoc Company Directors Approve 3.5 Cent Quarterly Dividend

MANITOWOC, Wis., Oct. 20 /PRNewswire-FirstCall/ -- The Board of Directors of The Manitowoc Company, Inc. at its meeting today, declared its regular quarterly dividend of 3.5 cents per share of common stock, payable on December 11, 2006, to shareholders of record on December 1, 2006.

About the Manitowoc Company

The Manitowoc Company, Inc. is one of the world's largest providers of lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. As a leading manufacturer of ice-cube machines, ice/beverage dispensers, and commercial refrigeration equipment, the company offers the broadest line of cold-focused equipment in the foodservice industry. In addition, the company is a leading provider of shipbuilding, ship repair, and conversion services for government, military, and commercial customers throughout the U.S. maritime industry.