BSNC Announces 2019 Shareholder Dividend Distribution

August 12, 2019by Media

The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $7.00 per share to be issued in December, an increase of $2.00 more than the 2018 shareholder dividend. The average BSNC shareholder who owns 100 shares of stock will receive $700. This dividend distribution will be paid through the BSNC Beringia Settlement Trust on a tax-free basis. The total 2019 distribution will be approximately $4.4 million to BSNC’s shareholders of record. Since 1972, BSNC has distributed $27.9 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 $2,500 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.

“This is a record high dividend and a 40 percent increase from BSNC’s 2018 distribution,” said BSNC Board Chairman Henry Ivanoff. “BSNC is more than pleased to fulfill its pledge to return tangible benefits to its shareholders.”

OFFICESWhere to find us?
Bering Straits Native Corporation is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONS
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
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OFFICESBering Straits Native Corporation
OFFICESWhere to find us?
BSNC is headquartered in Nome, has a business office in Anchorage and site locations and offices across the U.S.
OUR LOCATIONSWhere to find us?
ANCHORAGE
3301 C Street, Suite 100, Anchorage, AK 99503
NOME
PO Box 1008. 110 Front Street, Suite 300, Nome, Alaska 99762
GET IN TOUCHStay Connected
Follow BSNC for news, updates, stories, and opportunities to share in this journey.
Sign up for our newsletter
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