Sealaska Announces Fall 2018 Distribution
Friday, November 2, 2018
Sealaska’s board of directors approved a fall shareholder distribution totaling nearly $15.5 million, during its board meeting on Nov. 2, 2018. The November distribution is $8.19 per share for urban and at-large shareholders and $3.04 per share for village, descendant and elder shareholders. This distribution reflects strong growth from Sealaska’s businesses as well as investments and income from Alaska Native Claims Settlement Act (ANSCA) Section 7(i) revenue sharing.
“The operational success we’ve created over the past five years has stabilized dividends and will allow us to consistently grow dividends for our shareholders,” said Sealaska CEO Anthony Mallott. “This distribution also reflects new income from carbon credit payments, which offers great financial benefit leading to increasing dividends, increases to the Shareholder Permanent Fund and additional shareholder benefits similar to those provided earlier this year.” Sealaska increased its scholarship endowment by $10 million and created a $6 million Deishú Memorial Fund (bereavement benefit) for shareholders in 2018.