Tikigaq Corporation Announces Shareholder Dividend
The Tikigaq Corporation Board of Directors announced at its April 6th Annual Shareholder Meeting that they approved a Shareholder dividend distribution of $1.25 per share to Shareholders of Record of Class A and Class C shares dated April 19, 2013.
Those funds will be distributed in late April.
This dividend is the first since 2002, and it aligns with the mission and goals of the strategic plan, and allows for growth in the corporation.
This Shareholder dividend distribution is made entirely from Tikigaq's paid-in capital account. Because the distribution is paid from this account per Section Zlia) of ANCSA (Alaska Native Claims Settlement Act) the distribution is not subject to any form of Federal, State or Local taxation.
In addition to this dividend, Tikigaq contributes each year to education, medical, dental, funeral and burial assistance, economic development, and other important social and cultural programs for shareholders.
SOURCE: Tikigaq Corporation | Point Hope, Alaska