BSNC Board of Directors Announces 2016 Shareholder Dividend Distribution
10 percent increase from 2015
The Bering Straits Native Corporation (BSNC) Board of Directors has declared a dividend of $3.50 per share to be issued in December. The average BSNC shareholder who owns 100 shares of stock will receive $350. The total distribution will be approximately $2.2 million to BSNC’s shareholders of record.
“This is a record high dividend and a 10 percent increase from BSNC’s 2015 distribution,” said BSNC Board Chairman Henry Ivanoff. “This dividend is a reflection of BSNC’s commitment to providing meaningful benefits to its shareholders.”
There are many benefits that come with being a BSNC shareholder or descendant, including eligibility to receive scholarships from the Bering Straits Foundation and hire preference for qualified applicants. In addition to these benefits, BSNC provides bereavement benefits in the amount of $1,500 to families to assist after the death of an original BSNC shareholder or lineal descendant of an original BSNC shareholder.
BSNC is an Alaska Native Corporation that was established by the Alaska Native Claims Settlement Act of 1971. It is owned by more than 7,500 Alaska Native shareholders and actively pursues responsible development of resources and other business opportunities. Through its subsidiaries, BSNC serves the federal government and commercial customers throughout the Bering Strait region, Alaska, the United States and the world.