Doyon Declares Dividend of $6.18 per Share
The Doyon, Limited board of directors approved a shareholder dividend in the amount of $6.18 per share, or $618 per 100 shares, during its quarterly meeting in Fairbanks on August 19. The dividend will be distributed to shareholders on Tuesday, December 5, 2017.
“Doyon is proud to distribute its 31st consecutive dividend to shareholders,” said Doyon President and CEO Aaron Schutt. “In December, the total distribution amount will be approximately $12 million to over 19,700 shareholders, of which 75 percent are residents of Alaska.”
Doyon’s dividend amount is based on a five-year average of net income, and this is Doyon’s 31st consecutive year of distributing a dividend. Seventy-five percent of Doyon’s shareholders reside in Alaska, which translates to approximately $9 million flowing into Alaska’s economy.
Shareholders should note the following important dividend dates:
- Tuesday, November 7, 5 p.m. AKST: Deadline to apply for direct deposit
- Monday, November 20, 5 p.m. AKST: Deadline to make address changes and enroll eligible class C shareholders
- Tuesday, December 5: Dividends direct deposited or mailed to the address on file as of November 21
For more information, or to apply for direct deposit, make an address change, or enroll a new Class C shareholder, visit the dividends page on the Doyon website or contact the records department at email@example.com, 459-2040 (in Fairbanks) or 1-888-478-4755 (toll-free).