Granite Construction Declares Quarterly Dividend

WATSONVILLE, Calif., Jan. 17 /PRNewswire-FirstCall/ -- GraniteConstruction Incorporated (NYSE: GVA) announced today that its Board ofDirectors has declared a quarterly cash dividend of $0.10 per common share.The dividend is payable April 13, 2007 for stockholders of record March 31,2007.

Granite, a member of the S&P 400 Midcap Index, the Domini 400 Social Indexand the Russell 2000, is one of the nation’s largest diversified heavy civilcontractors and construction materials producers. Granite Construction servespublic and private sector clients through its offices nationwide. For moreinformation about the company, please visit their website atwww.graniteconstruction.com.

SOURCE Granite Construction Incorporated