NANA Regional Corp. Inc. Announces 2009 Dividend
KOTZEBUE, Alaska - September 24, 2009 - NANA announced its 2009 shareholder dividend of $12 per share today in Kotzebue. The annual dividend distribution will be made on December 4, 2009, with a record date of October 16, 2009.
"These are tough economic times," said Don Sheldon, Chairman of the NANA Regional Corporation Board of Directors. "The NANA region is not immune to the national recession. By creating jobs, assisting our shareholders with education and training opportunities and sharing revenues, NANA continues to build a strong economic future for our people."
Many financial analysts are pointing to indicators that the recession may be ending, but that there are still challenges ahead, especially for the NANA region. A recent McDowell Group study indicated that the Arctic is 48 percent more expensive to live in than Anchorage. This disparity is due largely to the cost of energy.
"At NANA, we know that by creating in-region jobs, increasing village economic development, and distributing the Elder's Settlement Trust and annual dividend, we are making a real economic impact in the lives of our shareholders" said Marie Greene, NANA Regional Corporation president. "I am proud of the leadership in our companies and of all of our employees who faced these challenging times head-on to make sure that we can continue to create economic opportunities for our people."
In November 2008, NANA distributed an annual dividend of $15.75 per share. A special one-time dividend of $9 per share was also distributed in April 2008.
NANA Regional Corporation, Inc. (NANA) is one of the 13 Alaska Native corporations created as part of the Alaska Native Claims Settlement Act (ANCSA). NANA's mission is to provide economic opportunities for its more than 12,000 Iñupiat shareholders and to protect and enhance NANA lands. Join the hunt at www.nana.com.