The Bering Straits Native Corporation (BSNC) Board of Directors has declared a record-high dividend of $10.25 per share, a 7.9% increase over the 2021 shareholder dividend. This distribution will be paid by Dec. 31 to shareholders (on record as of Nov. 28) through the BSNC Beringia Settlement Trust, and is not taxable. Shareholders who own an average of 100 shares of stock will receive $1,025.
“BSNC is pleased to provide this record-high dividend to its shareholders,” 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. Quyaana for your continued support and involvement in your Corporation.”
The total 2022 dividend distribution will be approximately $6.5 million. Since 1972, BSNC has distributed $47.5 million in 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 Nov. 7. If you wish to receive a check in the mail, please make sure your address on file is up to date.
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.