(Anchorage, Alaska) – The Bering Straits Native Corporation (BSNC) Board of Directors has declared a dividend of $3.25 per share to be issued in December. The average BSNC shareholder who owns 100 shares of stock will receive $325. This dividend is an 8.3 percent increase from BSNC’s 2013 distribution.
“BSNC’s Board recognizes the importance of meaningful returns to our shareholders.” said BSNC Board Chair Henry Ivanoff.
“BSNC’s endurance and growth over the past ten years is a testament to the Company’s commitment to its shareholders and the region,” said BSNC President and CEO Gail R. Schubert. “The leadership of the Board and BSNC’s executive management team situates the Company to make a positive, long-lasting impact for our shareholders and region.”
BSNC provides substantial support to the Bering Straits Foundation (BSF). BSF helps BSNC shareholders and their direct lineal descendants attain their educational and vocational goals by offering scholarship, fellowship and mentorship opportunities. For the 2013- 2014 academic year, BSF provided $198,050 in educational funding to BSNC shareholders and their descendants. Since its inception in 1994, BSF has provided more than $1.8 million to the Alaska Native shareholder beneficiaries of BSNC to participate in post-secondary education.