Frequently Asked Questions
Q: What is the schedule for shareholder
dividends?
A: Dividends are issued 3 times per year. The usual schedule is
April, September, and December.
Q: How much are the dividends?
A: The amount is based upon the amounts of oil production royalty
payments and business venture profit sharing. The Finance
Committee makes a recommendation to the parent Board of Directors.
The Board then follows set policies and resolutions to evaluate finances
and determines the final dividend amount.
Q: Do my children receive shares of the
Corporation when they are born, or how to they become shareholders?
A: Currently the Corporation does not have an "after born" program.
Stocks may be gifted to children or relatives of living stockholders
through the Gift Share Program.
Q: How do I notify the Corporation of a name
change or change of address?
A: Changes of address may be submitted to Kuukpik Corporation by postal
mail, fax, or in person. Forms must be signed for the change of
address to be accepted.
Q: Does Kuukpik Corporation provide any
assistance with direct or indirect medical costs to shareholders?
A: Assistance is provided only to emergency and critical medical care.
This does not include pregnancies, dental visits, eye care expenses, or
other relatively minor issues.
Q: When does employment for ice road
construction begin?
A: Kuukpik Corporation human resources prepares throughout the
year for the construction season, but the most active hiring time of
year is December through May of each year.