May 13, 2013
On behalf of the TKC board of directors, I am pleased to send you this year’s corporate dividend check in the amount of $3.29 per share. If you have 100 shares, your dividend will be $329.00.
TKC has paid more than $12 million to shareholders:
TKC has paid more than $12 million to TKC shareholders since 1977. This year’s dividend is TKC’s largest payout since inception. Our shareholder base has tripled since we began enrolling our descendants in 1991.
TKC has grown from 1.100 original shareholders to over 3,346:
Had we not enrolled our descendants, this year’s $329.00 dividend (for shareholders owning 100 shares) would have resulted in an approximate $1,100.00 payout. However, we are very proud that our dividends benefit all generations of our shareholders. In addition, we have established a Dividend Fund to insure sufficient cash is available each year to pay dividends without negatively impacting the operating cash flow of the company.
Next Year’s Dividends will be taxable:
Please note that starting in the 2014 tax year, dividends will be taxable. There are pros and cons to financial success. By next year, TKC will have paid out the full amount that was set aside in a trust for shareholders by the Alaska Native Claims Settlement Act (ANCSA). Please see the attached flyer for more details, or give our office a call if you have
We are proud of our success and continue to diversify our portfolio to include new investments while maintaining our current developments.