Sealaska to pay out $2.08 per share

Posted: Tuesday, November 21, 2000

JUNEAU (AP) -- Sealaska Corp. will pay out a $2.08 dividend, or $208 for the typical shareholder with 100 shares, on Dec. 1., the Juneau-based regional Native corporation announced.

The $3.3 million distribution brings the total amount of distributions paid in 2000 to $8 million, or $508 for a typical shareholder. The total is a decrease from $9.4 million last year.

The dividend money comes from the company's investments in stocks, bonds and other assets besides its subsidiary businesses, said Sealaska spokesman Ross Soboleff.

''Our timber business has done very well. Our other businesses have not,'' Soboleff said.

Besides timber operations, Sealaska owns a plastics company in Vancouver, Wash., and a limestone mine on Prince of Wales Island. The company also invested in a Southern California casino-resort development with two Native tribal groups last month.

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