FAIRBANKS — The Doyon, Limited board of directors has approved a shareholder dividend in the amount of $4.15 per share, or $415 per 100 shares.
The decision was made during the board’s quarterly meeting in Fairbanks on Saturday. The dividend will be distributed to shareholders on Dec. 11.
Doyon has paid shareholders a dividend every year since 1987. The dividend is based on a five-year average of net income, according to a news release from Doyon.
Doyon is the regional Alaska Native corporation serving the Interior. It, along with other regional Native corporations, was formed under the Alaska Native Claims Settlement Act of 1971.