Sealaska dividend lowest since 2018; Mallott resigns as CEO
November 15, 2023
Sealaska Corp.’s annual shareholder dividend declined this year for the first time since at least 2014. The payment of $5.85 per share is a drop from $7.67 last year and the lowest payout since $5.40 a share in 2018, according to a statement released Nov. 2 by the Southeast Alaska Native corporation.
The lower dividend is causing unhappy shareholders to criticize Sealaska’s leadership. The Native regional corporation said a number of business factors account for the lower dividend, including a decrease in shared revenues from other Native regional corporations and a bad year for its inv...