Sealaska Fall Dividends Total Nearly $10 Million

Ed Schoenfeld, CoastAlaska – Juneau

Sealaska’s fall dividends will total almost $10 million.

The Juneau-based regional Native Corporation will distribute the money to about 20,000 tribal members Dec. 3.

Urban and at-large shareholders owning 100 shares will get $577 each. Village, descendent and left-out shareholders will receive $120 each. Qualified elders will get another $120.

Urban shareholders, who make up about 60 percent of recipients, will get less than half the amount distributed last December. The end-of-2009 payment was about $1,200.

The difference in payments is money from a resource-earnings pool funded by all regional Native corporations. Sealaska CEO Chris McNeil says this year’s earnings are lower.

Download Audio (MP3)

Previous articleForest Service Overhauling Recreation Planning
Next articleGeothermal Energy Project Continues Project in Akutan