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.
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- Interior Secretary Sally Jewell has ordered that Native communities and their traditional ecological knowledge be considered in future federal land management decisions.
- The first marijuana shop in the state has its license to open and it's in Skagway. The Remedy Shoppe must now wait for the state to give the green light to marijuana testing facilities before its shelves are stocked.
- Sen. Dan Sullivan said he is trying to make Congress aware of more than 30 villages that still don't have running water or sewers.