Arctic Oil & Gas Directory: Arctic Slope Regional Corp. declares dividend of $34.31

Arctic Slope Regional Corp. said Oct. 18 that it declared a fall dividend of $34.31 per share to be issued in early December. The average ASRC shareholder owns 100 shares of ASRC stock and will receive $3,431. This dividend brings the total dollars distributed since incorporation, in the form of dividends, to approximately $542.5 million.

“During these uncertain economic times, we recognize how important these dividends are to our shareholders,” said Jacob Adams Sr., ASRC board chairman. “As we near our 40th anniversary, it’s gratifying to see the difference the corporation and its employees have made to our North Slope communities.”

The ASRC board of directors typically authorizes two dividend distributions, one in the fall based on preliminary year-end financial performance estimates with a typical “true-up” dividend in the spring, based on final financial results.

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