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Dividends and Distributions

Overview

A 7(i) distribution is normally sent in May of each year to at-large shareholders. These are from monies received from revenue sharing of natural resource revenues from other Alaska Native regional corporations. Distributions are also sent to village corporations at this time. A yearly dividend is also sent in December of each year based on a policy adopted by the board of directors. This dividend is based on net income from Doyon and is distributed to all shareholders.

Dividend Policy

The amount of the distribution was determined in accordance with a revised distribution policy adopted by the board of directors in 2002. According to the policy, Doyon annually distributes 50 percent of the average of the last five years’ net profits in the form of distributions and contributions.

Taxability

Each dividend is taxable. Shareholders will receive a 1099-DIV form for any dividend $10 or more. 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 annually by January 31st.

Lost or Missing Checks

If your distribution is lost or stolen, you will need to contact shareholder services. Doyon will explain the procedure and provide the necessary forms, if applicable, to investigate the check in question. Please note that there is only a six month time frame in which Doyon can file fraud claims, so Doyon should be notified as soon as the required time to report a missing distribution has passed.

2008 7(i) Distributions

Shareholders with Class B shares received a 7(i) distribution on May 22, 2008 in the amount of $11.71 per share, or $1,171 per 100 shares.

2009 7(i) Distributions

Doyon shareholders holding Class B or at-large shares received their 2009 7(i) distribution in mid-May. The amount of this year’s distribution was $19.63 per share or $1,963 per hundred shares. Complete details on the distribution were included in the May Doyon newsletter.

2010 7(i) Distribution

This year, Doyon, Limited Class B (at-large) shareholders received a 7(i) distribution of $6.32 per share, or $632 per hundred shares, either by mail or direct deposit on May 12, 2010. For more information, please contact shareholder records at 907-459-2040 or 1-888-478-4755 ext. 2040. Or review the 7(i) frequently asked questions here.

2011 7(i) Distribution for Class B Shareholders

This year, Doyon, Limited Class B (at-large) shareholders received a 7(i) distribution of $12.04 per share, or $1,204 per 100 shares, either by mail or direct deposit on May 11, 2011. For more information, please review the frequently asked questions by clicking here or contact shareholder records at 907-459-2040, 1-888-478-4755 ext. 2040 or records@doyon.com.

2012 7(i) Distribution

In 2012, Doyon, Limited Class B (at-large) shareholders received a 7(i) distribution, which was direct deposited or mailed on May 9, 2012. The amount of the 2012 7(i) distribution was $13.91 per share. more information on the 7(i) distribution, please click here.

Doyon, Limited Distributes 2009 Shareholder Dividend

The Doyon, Limited board of directors voted to approve a shareholder dividend in the amount of $3.68 per share, or $368 per 100 shares, during their quarterly meeting in Fairbanks on October 17. Dividends were mailed or direct deposited on December 15.
Click here to view the press release.

Doyon Distributes 2010 Shareholder Dividend

The Doyon, Limited 2010 shareholder dividend was mailed or direct deposited to shareholders on December 7. The 2010 dividend was $4.21 per share, or $421 per 100 shares. For more information, view the press release announcement or contact the shareholder records department at 907-459-2040, 1-888-478-4755 ext. 2040 or records@doyon.com.

Doyon Distributes 2011 Shareholder Dividend

The Doyon, Limited 2011 shareholder dividend was mailed or direct deposited to shareholders on December 6. The dividend amount is $3.88 per share, or $388 per 100 shares. Please click here to view the press release

More information on the distribution may be obtained from the Doyon shareholder records department by calling 1-888-478-4755 ext. 2040 or 459-2040 if in Fairbanks.