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.

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