Sealaska Announces 2021 Spring Distribution and Schedule
Friday, April 2, 2021
A spring 2021 distribution of $21.3 million builds on the many other investments Sealaska is grateful to be able to make to support its shareholders and communities. The distribution includes dividends from the company’s growing ocean-health business operations ($6.8 million) and the Marjorie V. Young (MVY) Shareholder Permanent Fund ($2.5 million). Distributions to shareholders were $46.4 million in 2020.
In addition to the spring distribution, Sealaska will be providing the greatest amount of educational scholarship awards to upwards of 500 students this coming year and continues to invest in revitalizing Tlingit, Haida and Tsimshian languages while supporting cultural and economic development in our communities.
“We are fortunate to be stewards of a company with an important social mission,” said Sealaska President and CEO Anthony Mallott. “We are striving to develop a responsible, respectful, profit-generating organization that will benefit current and future generations.”
The wisdom of Indigenous people who have lived in partnership with the ocean for millennia inspires Sealaska’s business operations, which aim to help humanity thrive for generations to come by fostering ocean health today. We do that by enhancing people’s lives through the enjoyment of seafood and by working to keep our water and oceans clean and productive. We are dedicated to solutions that reverse ocean warming, pollution and waste and make the most of every fish we take from the ocean.
Despite the many challenges of the pandemic, Sealaska’s dedicated employees drove record financial results in many of our businesses in 2020. Our success in 2020 adds to recent record financial results that have increased dividends and distributions to shareholders.
“Thanks to the hard work of so many, Sealaska was fortunate to be well-positioned to uplift our communities in ways we haven’t been called upon to do in our history as a company,” said Sealaska Board Chair Joe Nelson. “When we all heed the teaching of our ancestors, we are more thoughtful, more resourceful and more caring with each other. Indeed, we are stronger when we work together.”
The following chart shows the history of dividend payments from operations and the MVY permanent fund by fiscal year.
All Sealaska shareholders will receive a spring distribution that includes:
- $2.70 per share payment from Sealaska operations
- $1.00 per share payment from Marjorie V. Young Shareholder Permanent Fund
The 2021 spring distribution includes an ANSCA Section 7(i) payment or $7.59 per share to Urban and At-Large shareholders. Payments from ANCSA Section 7(i) come from the natural-resources revenues earned by other Alaska Native corporations, which are largely dependent on global commodity prices. Commodities like oil and minerals were negatively impacted in 2020 by the pandemic, resulting in lower-than-usual 7(i) payments.
2021 Spring Distribution Schedule for Shareholders:
- Friday, April 2, 2021 | Record Date is the last day to make changes to stock, gift stock, enroll, process estates or transfer shares.
- Monday, April 12, 2021 | Last day to change shareholder banking or mailing information. Update information on MySealaska.com by 11:59 p.m. AKDT.
- Friday, April 16, 2021 | Date of Distribution
Sealaska shareholders are now able to view and download their IRS Form 1099-DIV for 2023. Printed 1099 tax forms will be mailed on or before Jan. 26.