Payout includes regular fall dividend of $40 per share as well as special $60 per share distribution
The Arctic Slope Regional Corporation (ASRC) board of directors has announced two dividend distributions for ASRC shareholders this fall. The first dividend declared is a regular dividend distribution of $40 per share, and the second is a special $60 per share dividend, both to be issued together in early December, with the payout totaling $100 per share. The average ASRC shareholder owns 100 shares of ASRC stock and will receive $10,000. These dividends bring the total dollar amount distributed since incorporation, in the form of dividends, to nearly $740 million.
“This $100 total per share payout illustrates that ASRC can follow a strategic business plan based on the traditional values of the Iñupiaq culture; values like cooperation, sharing, compassion and stewardship,” said Crawford Patkotak, ASRC board chair and executive vice president of shareholder programs. “These are cornerstones of the company as they are in the Iñupiaq culture and we thank God for the blessings bestowed upon all ASRC shareholders.”
“We recognize the importance of providing meaningful returns to all of our shareholders and with winter and the holiday season fast approaching – this significant distribution will provide timely financial assistance to them,” added Rex A. Rock Sr., ASRC president and CEO. “Without the leadership of our board of directors and the commitment from our team of hard-working employees, this combination of dividends would not have been possible.”
This year, the ASRC board authorized two dividend distributions – one for the fall, with another distributed in the spring. The spring 2013 dividend was $10 per share, and was distributed in April.