UIC Board Declares Annual Dividend of $8.15 Per Share
Barrow, Alaska (October 13, 2014) – The Ukpeaġvik Iñupiat Corporation (UIC) Board of Directors (Board) declared a regular dividend of $8.15 per share at an October 10, 2014 regular board meeting in Barrow, Alaska. The average UIC shareholder owns 100 shares of stock and will receive a dividend of $815. The dividend will be distributed by December 13, 2014 to shareholders of record as of December 1, 2014. UIC is in excess of its original Alaska Native Fund allotment which makes the entire dividend amount taxable.
“We are pleased to offer this 2014 dividend to our shareholders. We are always guided by the determination to create value for our shareholders and will continue to focus on creating long-term value by further strengthening our core businesses,” said Price E. Brower, UIC Chairman of the Board.
UIC is the Alaska Native Village Corporation of Barrow, Alaska and provides social and economic resources to over 2,500 Iñupiat shareholders and their descendants. Since its establishment, UIC has diversified its investments and consistently ranks among the top largest Alaskan-owned companies (Alaska Business Monthly). UIC has over 2,000 employees and provides services to clients in a variety of industries, including operations in Barrow, construction, architecture and engineering, regulatory consulting, information technology, marine operations, logistics, and maintenance and manufacturing. More information about UIC and its family of companies can be found at www.uicalaska.com.