Sitnasuak Native Corporation Board of Directors Declares Shareholder Dividends
The Board of Directors of Sitnasuak Native Corporation (SNC) declared a dividend of $7.16 per share at a special board meeting in November, and voted at December’s regularly quarterly board meeting both to disburse a one-time elder dividend of $500 and to implement a shareholder bereavement benefit program. The average Sitnasuak shareholder owns 100 shares of stock and received $716, which was distributed in late November.
Board chair Jason Evans states, “As Sitnasuak continues in the new year on its path of stability and profitability we will continue to work for the benefit of Our shareholders. I extend my gratitude on behalf of the Board for the hard work and success of our parent company and its subsidiaries.”
Sitnasuak Native Corporation is the Nome-based Native village corporation and is owned by 2,700 Inupiat Eskimos who either live in Nome or who have family ties to Nome.
Posted: January 11, 2013