Exhibit 99.1 |
[LETTERHEAD] |
May 1, 2006 |
Dear Stockholder: |
At their April 28, 2006 meeting, the Board of Directors of Peter Kiewit Sons’, Inc. voted to pay a cash dividend of $.85 per share on the Common Stock. The dividend is payable May 1, 2006 to holders of record at the close of business on April 28, 2006. Your check is enclosed. |
The dividends declared this year compare with last year as follows: |
Current Year | Last Year | ||||
Regular Dividend | Paid 01/05/06 | $0.80 | Paid 01/05/05 | $0.45 | |
Regular Dividend | Paid 05/01/06 | $0.85 | Paid 05/03/05 | $0.50 | |
Total Dividends | $1.65 | $0.95 |
Prior to the payment of this year's dividends, your stock had a value of $47.90 per share. As you know, the value of your stock is reduced by dividends paid. Therefore the after |
dividend value is $46.25. This year's before and after dividend stock values compare with those of last year as follows: |
Current Year | Last Year | |||
Value Before Dividends | $47.90 | $38.50 | ||
Less Dividends | 1.65 | 0.95 | ||
Value After Dividends | $46.25 | $37.55 |
Very truly yours, |
/s/ Bruce E. Grewcock |
Bruce E. Grewcock |
President and CEO |
Enclosure |
PETER KIEWIT SONS’, INC. Kiewit Plaza, Omaha, NE 68131 (402) 342-2052 |