Ahtna Announces Largest Shareholder Dividend in Company History
ANCHORAGE—In accordance with the Earnings Distribution Policy, the trustees of Ahtna Hwt-anene (People’s) Trust formally declared a record-high shareholder distribution for 2019 of $15.08 per share. The distribution will be made to all shareholders of record as of November 4, 2019. The distribution amount per share has more than tripled in just two years and is the highest dividend/distribution per share in the history of Ahtna.
In addition, a distribution of $1,000 per eligible Elder as of November 4, 2019 was declared. Since 2009, an Elder distribution to original shareholders age 62 and older has been provided.
Since inception, Ahtna has paid out over $24 million to shareholders in the form of regular and Elder distributions.
“We have seen a 50 percent growth in revenues over the past three years thanks to our hard-working employees and the dedicated service of our board of directors. This growth has allowed us to not only increase our dividend distributions, but also our investment in vital shareholder services and programs,” said Ahtna, Inc. president Michelle Anderson.
Both distributions are scheduled to be mailed December 6 or deposited November 21 for those signed up for direct deposit. For 2019, shareholder and Elder distributions are non-taxable.
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Spreading the Word
When Bristol Bay Native Corporation (BBNC) first aired TV commercials featuring the tagline, “A Place That’s Always Been,” the reaction was surprising. Not only because they received numerous accolades and marketing awards for the campaign but because, at the time, it was rare for Alaska Native corporations to market themselves through the media.