June 20, 2018
DDC HAND DELIVERS $300,000 NAVAJO NATION DIVIDEND
Window Rock, Arizona – Immediate Release – On Monday, June 18, 2018, Diné Development Corporation (DDC) hand delivered two dividend checks to its Navajo Nation shareholders, for Calendar Year 2017, totaling $300,000. The Navajo Nation Controller’s Office accepted a $180,000 dividend payment for the Navajo General Fund, and a second dividend payment for $120,000 was provided to the Navajo Nation Department of Economic Development, which will be applied to the Business and Industrial Development Fund (BIDF).
“The smiles and handshakes of appreciation were overwhelming as I presented the checks to the Navajo Nation department representatives. I truly look forward to continuing to contribute DDC dividends that will provide a positive financial impact, and expanded benefits for the Navajo Nation. We’re really just trying to do our part,” stated Austin Tsosie, DDC CEO. 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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