The board of directors of Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) has announced the board of directors declared a one-time cash dividend of USD 0.09 per share, or approximately USD 5 million, the company said.
This dividend will be paid June 18, 2020 to shareholders of record as of April 20, 2020.
The board emphasized that this is a one-time dividend, and there are no immediate plans to reinstate a quarterly dividend. Although the company anticipates its financial performance will continue to improve going forward, the amount and timing of dividends, if any, remain subject to the discretion of the company´s board of directors.
Alaska Communications is a provider of advanced broadband and managed IT services for businesses and consumers in Alaska. The company operates a highly reliable, advanced statewide data and voice network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous US. For more information, visit http://www.alaskacommunications.com or http://www.alsk.com.