One of the important goals of Sitnasuak is to provide economic development, value, and benefits with our Alaska Native Shareholders and Descendants.
The ability to provide Shareholder and Descendant benefits is 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 including distributions via the SNC Trust, charitable contributions, scholarships, bereavement benefits, discounts with our family of businesses, and camp/home sites on our ANCSA lands.
In 2019, Sitnasuak is proud to have supported over $2 million in economic benefits with our Shareholders and Descendants.
|
2019 Shareholder and Descendant Benefits |
Amount |
| Heritage Distribution/Shareholder Dividend ($7.50/trust unit or share) |
$ 1,540,500 |
| Elders Benefit/Dividend ($750/Elder) |
$ 417,000 |
| Charitable Contributions |
$ 108,115 |
| Scholarships |
$ 226,093 |
| Bereavement Benefit |
$ 75,000 |
| Shareholder Heating Fuel Discounts |
$ 191,543 |
| Shareholder Rent Discounts |
$ 15,925 |
| Total |
$ 2,574,176 |
Dividend and Distribution 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
