Sealaska directors have approved a fall distribution to shareholders of $10.5 million, bringing total distributions in 2016 to Sealaska shareholders to $26.4 million.
This year, Sealaska shareholders will get their fall distribution payments right before Thanksgiving, with a distribution date of Nov. 23. In years past, the payment have come in early December.
Urban and at-large shareholders will receive $5.97 per share; village, leftout, descendant and elder shareholders will receive $1.33 per share.
“The distributions that are paid twice a year are only one part of Sealaska benefits or a means to measure the corporation’s success,” Sealaska Chair Joe Nelson said in a release. “Sealaska revenues also support yearly commitments to culture through the annual contribution to Sealaska Heritage Institute, investments in shareholder and descendant higher education through our scholarship program and employment opportunities.”
