Granite Construction Declares Quarterly Dividend

WATSONVILLE, Calif., July 19 /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 October 15, 2007 for stockholders of recordSeptember 30, 2007.

About Granite

Granite Construction Incorporated is a member of the S&P 400 Midcap Index,the Domini 400 Social Index and the Russell 2000. Granite ConstructionCompany, a wholly owned subsidiary, is one of the nation’s largest diversifiedheavy civil contractors and construction materials producers. GraniteConstruction serves public and private sector clients through its officesnationwide. For the 4th straight year, Granite was named to FORTUNE’S List of100 Best Companies to Work For. To obtain more information about the company,please visit their website at http://www.graniteconstruction.com.

SOURCE Granite Construction Incorporated