ASRC Board Declares $12.43 Per Share Spring Dividend
Tuesday, March 30, 2010
(Barrow, AK) – At its March Board meeting, the Arctic Slope Regional Corporation (ASRC) Board today
declared a spring dividend of $12.43 per share to be issued in mid-April. The average ASRC shareholder
owns 100 shares of ASRC stock and will receive $1,243.
“The 2010 spring dividend illustrates ASRC’s strong financial performance throughout 2009. The
combined spring and fall dividend represent ASRC’s ability to navigate successfully through challenging
economic times,” said Bobbi Quintavell, ASRC President and Chief Executive Officer. “Our focus for 2010
continues to be managing costs while achieving sustainable growth.”
ASRC Board Chairman Rex A. Rock Sr. said, “The Board is pleased that ASRC’s earnings continue to
provide significant benefits to approximately 11,000 ASRC shareholders.” He further stated, “The 2010
spring dividend demonstrates ASRC’s ability to deliver value consistent with the ASRC Strategic Plan.”
The ASRC Board of Directors typically authorizes two dividend distributions, one in the fall based on
preliminary year-end financial performance estimates with a final “true-up” dividend in the spring,
based on final financial results.
Highlights of ASRC 2010 Spring Dividend:
• The amount will be $12.43 per share.
• The total distribution will be approximately $13.9 million.
• The 2009 fall forecast distribution and the spring true-up distribution total $54.39 per share or a
total distribution of $60.9 million.
• The spring dividend brings the total dollars distributed as ASRC dividends distributed since
incorporation to approximately $423.8 million.
Arctic Slope Regional Corporation is owned by and represents the business interests of the Arctic Slope
Iñupiat. Since opening enrollment in 1989 to Alaska Natives born after 1971, the corporation’s
shareholder base has nearly tripled, growing from the 3,700 original enrollees to approximately 11,000
today. Corporate headquarters are based in Barrow, Alaska, with administrative and subsidiary offices
located in Anchorage and throughout the United States. ASRC, along with its family of companies, is the
largest Alaskan-owned company, employing approximately 10,000 people worldwide. The company has
four major business segments: petroleum refining and marketing, government technical services, energyservices and construction industries.
Posted: March 30, 2010