The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $3.75 per share to be issued in December. The average BSNC shareholder who owns 100 shares of stock will receive $375. The total 2017 distribution will be approximately $2.4 million to BSNC’s shareholders of record. Since 1972, BSNC has distributed $17.9 million in regular dividends.
There are many benefits that come with being a BSNC shareholder or descendant, including eligibility to receive scholarships from the Bering Straits Foundation and hire preference for qualified shareholders, descendants and shareholder spouses. In addition to these benefits, BSNC provides Shareholder Bereavement Assistance in the amount $1,500 to help defray the cost of funeral expenses for an original BSNC shareholder, a lineal descendent of an original BSNC shareholder, or the spouse of a living original BSNC shareholder.
“BSNC is pleased to fulfill its pledge to return tangible benefits to its shareholders and descendants,” said BSNC Board Chairman Henry Ivanoff. “This dividend comes on the heels of continued growth. BSNC’s board and management is thankful for the support we have received from our shareholders.”