Sitnasuak Declares 2017 Dividends

The Sitnasuak Native Corporation Board of Directors is pleased to declare a regular dividend of $6.20 per share (or $620.00 for those with 100 shares) to all Shareholders of record as of November 15, 2017.  A special Elders dividend of $500.00 per Elder has also been declared for those Shareholders who are 65 or older as of November 15, 2017.  Distribution will begin on November 29, 2017.

“Our Sitnasuak family of businesses are profitable and continue to perform and grow.  Our 2017 earnings fund our Shareholder dividends as well as other Shareholder benefits like scholarships, bereavement assistance, camp and home sites, heating fuel discounts, and apartment discounts.  Our profitability reflects our many successes in delivering trusted and quality products and services,” said Robert “Bobby” Evans, Sitnasuak’s Board Chairman. “The 2017 dividend distribution demonstrates our commitment to all Shareholders and especially our Elders, while ensuring the financial stability of the Corporation.  We wish all Shareholders, everyone and their families a safe and happy holiday season.”

The Sitnasuak dividend amount is based on a review of Corporation’s dividend policy which includes an analysis of both historical and projected financial performance. This is the sixth year that Sitnasuak has distributed an extra benefit to our Elders. 

Sitnasuak is headquartered in Nome, Alaska, with operations in Nome, Anchorage, Wasilla, California, Virginia and Puerto Rico.  Sitnasuak’s family of companies and brands include Bonanza Fuel, Bonanza Express, Fidelity Title Agency of Alaska, Mat-Su Title Agency, Nanuaq, Sitnasuak Applied Technologies, Mocean, SNC Technical Services, and Sitnasuak Construction Services.  Sitnasuak is one of the Alaska Native village corporations created in 1971 under the Alaska Native Claims Settlement Act (ANCSA).  Today, Sitnasuak is the largest of 16 village corporations in the Bering Straits region with over $130 million in annual revenues.  Sitnasuak is proudly owned by almost 2,900 Alaska Native shareholders.  For additional information on Sitnasuak as well as our business products and services, please visit our web site at www.snc.org or like our Facebook page www.facebook.com/Sitnasuak/.