Dividends

The Bering Straits Native Corporation (BSNC) Board of Directors has declared a 2016 shareholder dividend of $3.50 per share that was issued in December. The average BSNC shareholder who owns 100 shares of stock received $350. The total distribution was approximately $2.2 million to BSNC’s shareholders of record.

“This is a record high dividend and a 10 percent increase from BSNC’s 2015 distribution,” said BSNC Board Chairman Henry Ivanoff. “This dividend is a reflection of BSNC’s commitment to providing meaningful benefits to its shareholders.”

The BSNC Board of Directors also voted on Aug. 11 to declare a one-time special Elder dividend of $500. This special dividend was paid to original BSNC shareholders who were 65 years of age or older on Nov. 10, 2016, the date of record. Checks were mailed on or by Dec. 31, 2016.

“This special dividend is given in gratitude of those who have given so much to our communities and our people,” said BSNC Board Chairman Henry Ivanoff. “BSNC honors the contributions of our Elder shareholders.”

For more information, please contact the Nome office at (907) 443-5252 or toll free at (800) 478-5079.