DryShips Announces Quarterly Cash Dividend

DryShips Inc., said that its Board of Directors has declared a quarterly cash dividend of $ 0.20 per common share, payable July 31st, 2007, to stockholders of record as of July 16 , 2007. This is the ninth consecutive quarterly cash dividend of $0.20 per share declared by the company since its listing on the NASDAQ Global Market in February 2005.