ASRC announces quarterly dividend distributions

The Arctic Slope Regional Corp. says its board of directors has approved a plan to distribute shareholder dividends quarterly instead of twice a year as it has for almost two decades.

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by Associated Press

ANCHORAGE- The Arctic Slope Regional Corp. says its board of directors has approved a plan to distribute shareholder dividends quarterly instead of twice a year as it has for almost two decades.

The Barrow-based Alaska Native corporation says the quarterly distributions will begin in March with dividend payments of $12.50 per share.
The average shareholder owns 100 shares of stock, so the March payout will translate to $1,250 distributions.
The other distributions are scheduled to be paid in July, September and December.
Last month, shareholders received $10,000 distributions, based on $40 per share, and another $60 per share in a special dividend added by the board after a healthy business year.
The corporation has about 11,000 shareholders.