Most Sealaska shareholders will get a $713 check or direct deposit in about two weeks.
This year’s winter distribution to stockholders totals $11.7 million. The Juneau-headquartered regional Native corporation has nearly 22,000 tribal members. Most live in Alaska or the Pacific Northwest.
Sealaska Board Chair Albert Kookesh says the twice-a-year distributions strengthen regional communities.
“Since inception, Sealaska has paid more than a half billion dollars total to shareholders and village corporations,” he says.
The majority of stockholders own 100 shares. Payments differ due to status.
Those also enrolled in an urban Native corporation, such as Juneau’s Goldbelt Inc., receive $713. So are those only enrolled in Sealaska.
Shareholders also enrolled in a village corporation, such as Prince of Wales Island’s Klawock Heenya, will get $71.
The difference is income from a pool of regional Native corporations’ natural-resource earnings.
Sealaska pays that directly to urban shareholders, as part of their dividends. But it pays the resource revenues to village corporations, which decide whether to pass them on to shareholders.
Descendents of original shareholders also only get $71 per 100 shares.
And elders in any category receive an extra $71.
Sealaska will mail or direct-deposit dividends beginning December 6th.
Some shareholders say the dividends are too small. They point to the fact that only about 10 percent of the payments come from Sealaska operations and investments.
“Let us not fight of the tiny piece of pie Sealaska chooses to distribute; let us work together to elect a board interested in growing the pie,” says critic Brad Fluetsch on a shareholders Facebook page.
- Lawmakers who represent areas outside Juneau receive $295 for each day of the special session. Juneau lawmakers receive $221.25 per day.
- Sixteen veterans of the Alaska Territorial Guard will be honored at a discharge ceremony today. Four of them are from Western Alaska.
- The historic houses in Juneau and Douglas were predominately built by miners and fishermen long before today's zoning was put into place. That's prevented homeowners from restoring or rebuilding homes in these neighborhoods without running into conflict with the city's zoning laws -- a temporary fix may be on the way.
- Alaska U.S. Rep. Don Young wants to know why Americans are still fighting in Afghanistan. He has co-sponsored a bill that would end funding for the war in a year, unless the president and Congress affirm the need for it.