B&W Announces Quarterly Dividend

February 08, 2013

CHARLOTTE, N.C.

The Board of Directors of The Babcock & Wilcox Company (B&W) (NYSE:BWC) has declared a quarterly dividend of $0.08 per share on the outstanding common shares of the company, payable on March 12, 2013 to shareholders of record at the close of business on February 19, 2013.

About B&W

Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 12,700 people, in addition to approximately 10,400 joint venture employees. Learn more at www.babcock.com.

Media Inquiries

Ryan Cornell

Public Relations

330.860.1345

rscornell@babcock.com

Investor Inquiries

Megan Wilson

Vice President, Corporate Development and Investor Relations

704.625.4944

investors@babcock.com