At Bering Straits Native Corporation, we are very proud to invest in our shareholders and descendants. Since the passage of the Alaska Native Claims Settlement Act, BSNC has distributed more than $48 million (after next weeks dividend run) in shareholder benefits.
($8.33 per share) – $5.3 M
Special Elders’ distribution:
($1,500 per Elder) – $1.6 M
Special March dividend:
($3.00 per share) – $1.9 M
Special March Elder dividend:
($250 per Elder) – $254,500
The BSNC Board of Directors declared a record-high dividend of $8.33 per share to be issued in December and a special Elder dividend of $1,500 in November. FY21 dividends are paid through the BSNC Beringia Settlement Trust and are tax free to shareholders.
“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.”
The BSNC Beringia Settlement Trust now provides shareholder bereavement assistance in the amount of $2,500 to help defray the cost of funeral expenses for an original BSNC shareholder, a lineal descendant of an original BSNC shareholder, or the spouse of a living original BSNC shareholder. The deadline for filing for bereavement assistance is within three months of the date of death.