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FAIRBANKS, ALASKA â€“ The Doyon, Limited board of directors voted to approve a shareholder dividend in the amount of $3.88 per share, or $388 per 100 shares,during their quarterly meeting in Fairbanks on August 20, 2011. The dividend will be distributed to shareholders on December 6, 2011.
Doyon has paid shareholders a dividend every year since 1987, making this the 25th consecutive year that shareholders will receive a dividend from the corporation.The dividend is based on a five-year average of net income.
“Doyon is pleased to make this dividend possible,” said Norman L. Phillips, Jr.,Doyon’s President and CEO. “Last year was challenging economically, but because ofthe successful work done by dedicated employees companywide, Doyon did realize a profit.
”Headquartered in Fairbanks, Doyon, Limited has 18,300 shareholders and was established under the 1971 Alaska Native Claims Settlement Act. Doyon, one of the top 10 Alaskan-owned companies, is also the largest private landowner in Alaskaand one of the largest in North America. Its mission is to continually enhance itsposition as a financially strong Native corporation in order to promote the economic and social well-being of its shareholders and future shareholders, to strengthen its Native way of life, and to protect and enhance its land and resources. For more information, visit www.doyon.com.