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Ahtna Announces Largest Shareholder Dividend in Company History

Nov 14, 2019 | Alaska Native, Featured, News

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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The Marx Bros. Café

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Jack Amon and Richard “Van” Hale opened the doors of the Marx Bros. Café on October 18, 1979; however, the two had already been partners in cuisine for some time, having created the Wednesday Night Gourmet Wine Tasting Society and Volleyball Team Which Now Meets on Sunday, a weekly evening of food and wine. It was actually the end of the weekly event that spurred the name of the restaurant: hours after its final service, Amon and Hale were hauling equipment and furnishings out of their old location and to their now-iconic building on Third Street, all while managing arguments about equipment ownership, a visit from the police, and quite a bit of wine. “If you’ve ever seen the movie ‘A Night at the Opera” starring the Marx Brothers, that’s what it was like,” Hale explains.

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