UIC Board Declares Annual Dividend

Friday, October 28, 2016

UIC BOARD DECLARES ANNUAL DIVIDEND OF $9.20 PER SHARE
Barrow, Alaska (October 28, 2016) – The Ukpeaġvik Iñupiat Corporation (UIC) Board of Directors (Board) declared a regular dividend of $9.20 per share at an October 19, 2016 board meeting.  The average UIC shareholder owns 100 shares of stock and will receive a dividend of $920.00.  The dividend will be distributed on December 2, 2016 to shareholders of record as of November 18, 2016.  UIC is in excess of its original Alaska Native Fund allotment which makes the entire dividend amount taxable.

“This 2016 UIC shareholder dividend represents the hard work across the UIC family of companies, from its employees to its board of directors, who are always working to improve UIC’s return value to our shareholders.” said Price E. Brower, UIC Chairman of the Board.

President and CEO, Anthony E. Edwardsen stated, “The structural integrity of UIC has never been more stable than it is today.  This is good news for our shareholders and for UIC, this dividend distribution is proof of UIC’s ability to follow its vision of providing quality services and products, consistent profitability, diversity and shareholder value.”