June 11, 2018
DDC DECLARES $300,000 DIVIDEND TO NAVAJO NATION
Window Rock, Arizona – Immediate Release – Diné Development Corporation (DDC) Board of Directors have declared a dividend for Calendar Year 2017 of $300,000, to its shareholders on June 06, 2018. The Navajo Nation will receive the disbursement of $300,000 on June 19, 2018. The dividend will benefit both the Navajo General Fund, and the Business and Industrial Development Fund (BIDF).
Austin Tsosie, DDC CEO, stated, “DDC’s cash dividend to the Navajo Nation is the true intent of the DDC Vision. We are pleased to provide this important benefit to the Navajo Nation as we strive to be the best together.” In addition to shareholder dividends, DDC provides value to its shareholders through an internal tribal development program, charitable contributions, tribal economic development, and community oriented sponsorships.
Diné Development Corporation (DDC) is wholly owned by the Navajo Nation government and was established to facilitate the Nation’s opportunities to conduct business through the creation of subsidiary corporations, joint ventures and partnerships. DDC was formed in 2004 to help create new jobs, revenues and profits primarily through the participation in the U.S. Small Business Administration 8(a) Business Development program. The 8(a) Program was created to help small disadvantaged businesses compete in the American economy and access the federal procurement market. DDC’s business portfolio includes five companies: NOVA Corp., BRIC, DDC-ITS, Diné Source and DDC-4C.
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