Shareholder Dividend to be Distributed December 5
A Doyon, Limited dividend of $6.18 per share, or $618 per 100 shares, will be mailed to shareholders or direct deposited into shareholders’ accounts on Tuesday, December 5.
“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. As 75 percent of Doyon’s shareholders reside in Alaska, this translates to approximately $9 million flowing into Alaska’s economy.
To ensure timely receipt of dividends, shareholders are encouraged to note the following upcoming deadlines:
- 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 shareholder address on file as of November 21
Shareholders are strongly encouraged to sign up for direct deposit of dividends and update mailing addresses with the shareholder records department prior to the deadlines. Signing up for direct deposit and updating addresses ahead of time will minimize dividend receipt delays. The direct deposit application is available on the Doyon forms and applications webpage.
Please note: All shareholders with a bad address on file with Doyon WILL NOT receive a dividend until an updated address has been received. This includes shareholders who already have direct deposit information on file. A current list of shareholders with bad addresses on file can be found on the Doyon website.
For a list of frequently asked questions, please visit the Doyon dividends webpage.
For more information, or to update an address, please contact shareholder records at 459-2040 (in Fairbanks), 1-888-478-4755 (toll-free) or firstname.lastname@example.org.