Horizon Lines Declares Regular Dividend

Horizon Lines, Inc. (NYSE:HRZ) Board of Directors have voted to declare a regular quarterly cash dividend of $0.11 per share, payable on March 15, 2009, to stockholders of record on March 1, 2009. The dividend was approved during the regularly scheduled quarterly meeting of the Board of Directors, which was held today.

The company also established a record date for its 2009 annual meeting of stockholders. The company's stockholders of record at the close of business on April 13, 2009, will be entitled to notice of the annual meeting and to vote upon matters considered at the meeting. The annual meeting will be held in Charlotte, North Carolina on Tuesday, June 2, 2009.

More information regarding the Annual Meeting will be provided in the company's Notice of Annual Meeting, which is expected to be made available to all stockholders of record in April 2009.