The Sealaska regional Native corporation will distribute $10.5 million to shareholders in November.
That brings the 2016 total payout to $26.4 million.
Payments go to the corporation’s approximately 22,000 shareholders, who live or have roots in Southeast Alaska.
An announcement on Sealaska’s website said most shareholders who also belong to an urban Native corporation, such as Juneau’s Goldbelt, will receive $597 directly. The same is true for at-large shareholders, who are not members of a village or urban corporation.
Most shareholders who also belong to a village Native corporation, such as Saxman’s Cape Fox, will receive $133 directly. The same is true for shadeholders’ descendants. Elders who register for a special program can receive an additional $133.
All amounts are based on ownership of 100 shares. That’s the most common number, but some Sealaska members own more or fewer shares because of gifting or inheritance.
Juneau-based Sealaska’s earnings come from savings, investments and businesses.
About four-fifths of the fall distribution comes from a pool of shared natural-resource earnings made by other regional Native corporations. That makes up the difference between the lower and higher dividend payments.
Sealaska President and CEO Anthony Mallott said in a prepared statement that the corporation’s goals include lessening dependence on the resource-income pool.
The fall dividends will be distributed Nov. 23.
In past years, they’ve been paid in early December.
