PENX (MM)

Penford Corporation (Nasdaq: PENX) today announced that its Board of Directors declared the Company�s regular quarterly dividend following their October 29, 2008 meeting. The Board declared a regular $0.06 per share quarterly dividend payable December 5, 2008 to shareholders of record at the close of business November 14, 2008. About Penford Corporation Penford Corporation develops, manufactures and markets specialty natural-based ingredient systems for various applications, including papermaking, textiles and food products.