WAINWRIGHT, AK — The Olgoonik Corporation Board of Directors (BOD) declared a 2022 shareholder dividend, payable through the Olgoonik Settlement Trust, at the quarterly meeting on March 24, 2022. The BOD supported a $9.50/share dividend, as calculated by Olgoonik’s dividend policy.
The BOD adopted a dividend policy in 2019 that uses a revenue-based formula to determine a sustainable dividend amount each year. Based on averaged revenue from previous years, the dividend policy formula would have set the 2022 dividend at $8.94/share. The BOD passed a resolution setting the dividend at $9.50/share following member discussion.
The 2022 dividend details are available in this Dividend Announcement Flyer and our staff has addressed some shareholder questions in this Dividend FAQ. We encourage shareholders to complete online Change of Address forms and Direct Deposit forms whenever possible. Like last year, we will continue to accept high-quality cell phone photos of printed and completed forms to help expedite form submission. As a faster method, Shareholders are encouraged to submit all Direct Deposit and Change of Address forms by email to the email address printed on the forms. All Direct Deposit forms must be accompanied by proof of account ownership – typically a copy of a voided check.
If you need to visit the Wainwright office or Anchorage office for assistance, we ask that you please call ahead so someone can coordinate that assistance. Our staff will be available by phone and email to answer questions and assist. Email our Stock team with your dividend questions or call 907-763-2989 or 907-562-8728. Our offices receive many calls this time of year, so please be patient and leave a message. Our Stock team is required to verify the identity of all shareholders who submit updated forms, so please be sure to include a good call-back number along with your forms and inquiries when you submit them electronically. Our staff will follow up for verification.