Oil Patch Bits: Native owned ASRC has declared its spring dividend - April 08, 2012

Providing coverage of Alaska and northern Canada's oil and gas industryApril 2012

Vol. 17, No. 15

Week of April 08, 2012

Oil Patch Bits: Native owned ASRC has declared its spring dividend

As reported by AP Newsfinder March 17, Arctic Slope Regional Corp. said its 11,000 shareholders will receive dividends at $10.38 per share. With the average shareholder owning 100 shares, each will get approximately $1,038. The dividend will be issued April 13.

ASRC President and CEO Rex Rock Sr. said the corporation is pleased to announce a healthy spring dividend despite a challenging business climate.

The total distribution will be about $12 million.

The spring dividend brings the total dividend dollars distributed by the corporation to nearly $543 million.

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