Sitnasuak Native Corporation Announces Shareholder Dividend
Nome, Alaska – November 25, 2014: Sitnasuak Native Corporation (SNC) is pleased to announce that the board of directors declared a dividend of $6.16 per share to all shareholders of record as of November 24, 2014. Shareholders who are 65 or older as of November 24, 2014, will receive an additional elder’s dividend of $500. Dividends will be put in the mail the first week of December.
“The dividend amount is a reflection of the hard work of our staff as well as the solid leadership from the board of directors,” said Robert (Bobby) Evans, SNC’s board chairman. “With the holidays approaching, we’re grateful that we have the opportunity to give back to our shareholders and want to wish everyone a happy holiday season!”
Evans said the dividend amount is based on SNC’s dividend policy and a review of projected income for calendar year 2014. This is the third year that SNC has distributed an extra benefit to its elders.
SNC is one of the Alaska Native village corporations created in 1971 under the Alaska Native Claims Settlement Act (ANCSA). SNC is headquartered in Nome, Alaska and is the largest of 16 village corporations in the Bering Straits region. SNC is owned by almost 2,900 Iñupiat shareholders.