The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $9.50 per share, a 14% increase more than the 2020 shareholder dividend. This dividend will be paid to shareholders on record as of Nov. 29. Shareholders who own an average of 100 shares of stock will receive $950.
The BSNC Board of Directors also voted to declare a 2021 Elder dividend of $1,500. This Elder dividend will be paid to original BSNC shareholders who are 65 years of age or older on the record date of Nov. 1. These dividend distributions will be paid by Dec. 31 through the BSNC Beringia Settlement Trust and are non-taxable.
“BSNC is a mission-driven company,” said BSNC President & CEO Gail R. Schubert. “BSNC’s resilience and growth is founded on our board’s commitment to our mission and our shareholders. I thank you for your continued support and involvement in your Corporation.”
The total 2021 dividend distribution will be approximately $6.0 million. Since 1972, BSNC has distributed $39.1 million in regular dividends and $8.9 million in Elder dividends.
Checks will be mailed or direct deposited. Receive your dividend sooner by signing up for direct deposit by visiting the MyBSNC shareholder portal at https://shareholder.bsnc.net/home. Shareholders are requested to sign up for direct deposit by Oct. 29.
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.