PENX (MM)

Penford Corporation (Nasdaq: PENX) today announced that its Board of Directors declared the Company�s regular quarterly dividend following their January 24, 2007 meeting. The Board declared a regular $0.06 per share quarterly dividend payable March 2, 2007 to shareholders of record at the close of business February 9, 2007. About Penford Corporation Penford Corporation develops, manufactures and markets specialty natural-based ingredient systems for various applications, including papermaking, textiles and food products.