NANA Shareholders Receiving Dividends Soon

Lori Townsend, APRN – Anchorage

Nana Regional Corporation shareholders will be receiving their annual dividend from business earnings over the next several days. NANA CFO Kevin Thomas says most of the original shareholders have 200 shares because all of the Nana region village corporations with the exception of Kotzebue village corporation have combined with the main regional corporation so original shareholders have more shares.

Thomas says the dividend amount is $14 per share.

Thomas says this year’s amount is a dollar per share higher than last year.

In 1991 Nana elected to enroll children, what are sometimes called ‘after borns’, descendents who were born after Dec. 17, 1971 and were left off the original rolls. Those children have on average 100 shares and will also receive dividend payments.

Thomas cautions that although it’s too early to project what the coming year will turn out to be financially for the corporation, so far, 2011 is shaping up well.

Thomas is referring to the Red Dog zinc mine in northwest Alaska, 90 miles north of Kotzebue. The mine is owned by Nana. The corporation also has other businesses that Thomas says are doing well. He says the 12,000 shareholders will start seeing their dividend checks soon. Electronic distributions started last night and paper checks are going in the mail, starting today.

Nana pays their dividend on an annual basis.

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