On Oct. 19, 2022, the NANA Regional Corporation, Inc. Board of Directors authorized a contribution to the NRC Shareholder Trust for the purpose of paying a historic fall dividend to Trust beneficiaries of $20.00 per share, for a total distribution for dividends of approximately $35 million. The dividend will be payable on or about Dec. 7, 2022, to beneficiaries of record as of Nov. 29, 2022. All NANA shareholders of record are beneficiaries of the Trust.
“The successful path that NANA has taken, thanks to our current and former leaders, has culminated in a record year for NANA. I am pleased to announce a second shareholder dividend for the year,” said Ely Cyrus, NANA’s board chairman. “Our shareholders continue to carry the burden of ever-increasing costs of goods and fuel. We felt the effects of another late migration of caribou due to the unseasonably warm weather and the lingering effects of COVID-19 still negatively impact work and family life. My hope is that this second dividend will help as we continue to work together on behalf of all our shareholders as we celebrate 50 successful years of NANA. Including the spring dividend, we have paid approximately $45 million in total dividends for 2022. I wish you all a safe and productive fall, and we look forward to another great year.”
Beyond dividends, NANA brings value to its shareholders through social and cultural contributions, economic development, cultural initiatives and other important programs.
Shareholders must update their addresses, apply for direct deposit or enroll a new Class D shareholder by Nov. 18, 2022, 5 p.m. Alaska Standard Time. Visit nanatkut.com or contact the shareholder records department (907) 442-3301, (800) 478-3301 (toll-free) or at email@example.com.
NANA has a clear dividend policy that is followed when a dividend amount is determined. The policy ensures liquidity to keep NANA financially stable while still allowing for growth capital. This year’s amount, however, is a one-time occurrence to celebrate NANA’s 50th anniversary. It’s important that shareholders understand future dividends will return to amounts that will be determined following the dividend policy.