Given Dr. Frost's position in the industry, his position in the company and his position in the stock, I doubt he would buy unless he believed he would achieve at least a 100% return on his money from here. I am willing to bet he may be buying this stock in the twenties also. He has a very enviable reputation which he continues to build on and it attracts investors.
Forget the dividend for a minute and figure out where Alaska is going to get money to subsidize the drilling from here on out. Without money to drill the biggest dividend you will get is from the officers handing in their resignations and cutting the payroll..