One of the goals of Sitnasuak is to provide value and benefits to our Shareholders.
The ability to provide Shareholder benefits are based upon the profitability and achievements of our businesses, investments and operations. The Corporation recognizes the important commitment to provide benefits while also ensuring financial stability.
Sitnasuak provides both direct and indirect economic benefits with Shareholders. These economic benefits include dividends or distributions via the SNC Trust, charitable contributions, scholarships, bereavement benefits, and discounts with our family of businesses.
In 2018, Sitnasuak is proud to have paid over $2 million in economic benefits to Shareholders and Descendants.
|
2018 Economic Benefits |
Amount |
| Heritage Distribution/Shareholder Dividend ($7.50/trust unit or share) |
$ 1,540,546 |
| Elders Benefit/Dividend ($750/Elder) |
401,250 |
| Charitable Contributions |
198,298 |
| Scholarships |
116,500 |
| Bereavement Benefit |
58,000 |
| Shareholder Heating Fuel Discounts |
187,511 |
| Shareholder Rent Discounts |
12,675 |
| Total |
$ 2,514,780 |
Dividend History
| Year |
Regular Dividend |
Special Elder Dividend |
| 1979 | – | |
| 1980 | 0.25 | |
| 1981 | 2.90 | |
| 1982 | 1.00 | |
| 1983 | 0.50 | |
| 1984 | 0.55 | |
| 1985 | 0.55 | |
| 1986 | – | |
| 1987 | 1.00 | |
| 1988 | 1.50 | |
| 1989 | 1.50 | |
| 1990 | 1.50 | |
| 1991 | $ 1.40 | |
| 1992 | $ 1.50 | |
| 1993 | $ 1.50 | |
| 1994 | $ 0.68 | |
| 1995 | $ 0.81 | |
| 1996 | $ 0.93 | |
| 1997 | $ 0.81 | |
| 1998 | $ 0.84 | |
| 1999 | $ 0.50 | |
| 2000 | $ – | |
| 2001 | $ – | |
| 2002 | $ – | |
| 2003 | $ – | |
| 2004 | $ – | |
| 2005 | $ 1.00 | |
| 2006 | $ 1.97 | |
| 2007 | $ 2.25 | |
| 2008 | $ 1.75 | |
| 2009 | $ 3.32 | |
| 2010 | $ 5.56 | |
| 2011 | $ 6.82 | |
| 2012 | $ 7.16 | $ 500 |
| 2013 | $ 6.16 | $ 500 |
| 2014 | $ 6.16 | $ 500 |
| 2015 | $ 6.20 | $ 500 |
| 2016 | $ 6.00 | $ 500 |
| 2017 | $ 6.20 | $ 500 |
| 2018 * | $ 7.50 | $ 750 |
| 2019 * | $ 7.50 | $ 750 |
* Distribution made via the SNC Trust
