Anchorage, Alaska- In just the third time in APC’s history, APC Secretary Carvel Zimin announced in a special message that the Board of Directors have approved a resolution distributing a dividend of $2/share this year. Those shareholders holding 100 shares can look forward to dividend checks of $200. Shareholders can look forward to receiving checks from Bristol Bay Corporate Services shortly after May 2nd.
The announcement came after status and financial reports from corporate officers, detailing a roller coaster ride of financial performance marred by high operating costs, an imbalanced acquisition of the subsidiary Yukon Electric Inc. Recovery began immediately after the termination of CEO Gerrie L’Heureux, and the placement of new CEO Dave McAlister. Dave credited the dividend to streamlining of overhead, reorganization of subsidiaries and strict cost cutting of wasteful spending.
The announcement came as a surprise to many and was met with cheer and applause.
