At the regularly scheduled April 18th meeting of the Board of Directors, the Board declared $7 per share dividend. The dividend checks will be mailed on May 10, 2013.
Dividends are distributions of money, periodically divided among shareholders of the Corporation. The dividend is based on net income from Tyonek Native Corporation and also from monies received from revenue sharing of natural resource revenues from other Alaska Native Regional Corporations. A yearly dividend is generally sent in December of each year, and there may be “special” dividends, based on policy adopted by the Board of Directors.
Each dividend is taxable. Shareholders will receive a 1099-DIV form. Shareholders with Class B shares who receive 7(i) monies, will receive a 1099-MISC form for any amount $600 or more. These forms will be mailed to shareholders.
Lost or Missing Checks
If your distribution is lost or stolen, you will need to contact shareholder services. Tyonek Native Corporation will explain the procedure and provide the necessary forms, if applicable, to investigate the check in question.