Goldbelt Board Of Directors Approves $6 Per Share Dividend, Early Distribution in October

The trustees of the Goldbelt Tináa Distributions Trust, which is made up of the Goldbelt Board of Directors, met on October 2 to approve a dividend of $6.00 per share for 2020. This dividend is based on the substantial growth and success by Goldbelt businesses throughout the 2020 fiscal year and anticipated progress into 2021. The dividend will be distributed early on October 23 through the Goldbelt Tináa Distributions Trust. The record date for the 2020 distribution is October 16. The total 2020 dividend amount is $1.8 million, an increase over 2019’s $5.50 per share with a total of $1.5 million.

“It is our honor to announce the 2020 dividend of $6 per share, an accomplishment that was made possible through continued hard work and cooperation between your board, the management team, and Goldbelt staff, as well as the support of shareholders,” said Todd Antioquia, Goldbelt board chairman. “We are committed to working together for shareholders to maximize the benefits provided today, such as distributing the highest dividend in over 20 years, while looking forward to more exciting growth yet to come.”

The 2020 dividend will be the second distribution made through the Tináa Distributions Trust since its passage in 2019. The total 2020 dividend marks the highest distribution in the past twenty years, a significant milestone indicating the continued success of Goldbelt businesses in Alaska as well as the federal business marketplace.

“The 2020 dividend will be distributed earlier than usual – mid-October rather than mid-November as is customary – in light of the ongoing economic impacts our community continues to feel in the wake of the COVID-19 pandemic,” said Chairman Antioquia. “This distribution is a reflection of the corporation’s continued success despite the many challenges of the 2020 fiscal year.”

The 2020 dividend will be distributed to the beneficiaries of the Tináa Distributions Trust: Goldbelt shareholders of Alaska Native descent. Shareholders are encouraged to contact Shareholder Services to check the status of their shares as well as update contact information, address, or direct deposit information before the October 16 record date.