(Anchorage, Alaska) –The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $8.33 per share to be issued in November, an increase of $1.33 per share more than the 2019 shareholder dividend. The average BSNC shareholder who owns 100 shares of stock will receive $833. Checks will be mailed or direct deposited via the MyBSNC shareholder portal. Shareholders who have not signed up for direct deposit are encouraged to do so through the MyBSNC shareholder portal which can be found at https://shareholder.bsnc.net/home.
This dividend distribution will be paid through the BSNC Beringia Settlement Trust on a tax-free basis. The total 2020 distribution will be approximately $5.3 million to BSNC’s shareholders of record. Since 1972, BSNC has distributed $33.2 million in regular dividends.
There are many benefits that come with being a BSNC shareholder or descendant, including eligibility to receive scholarships from the Beringia Settlement Trust 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.
“BSNC’s continued success is rooted in the Board and Staff’s commitment to our mission, our Shareholders and our Region.,” said BSNC Board Chairman Henry Ivanoff. “We are pleased to be able to provide this distribution to our shareholders.”