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  • Stock Distributions

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 dividends that are over $600. Shareholders with Class B shares who receive 7(i) monies, will receive a 1099-Div form for any amount over $10. These forms will be mailed to shareholders annually by February 2.

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.

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.

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.