The Natives of Kodiak Board of Directors is pleased to announce the approval of increases to both quarterly dividends paid from the Shareholder Permanent Fund Trust (SPFT) and Elder Distributions paid from the NOK Benefits Trust. These increases reflect the Board’s confidence in the corporation’s financial position, its commitment to responsible growth, and its continued focus on delivering meaningful benefits to NOK shareholders.
Beginning with the Quarter 1 dividend to be paid out on March 31, 2026, all quarterly SPFT dividends will increase from $2.75 per share to $4.50 per share. Elder Distributions will increase from $150 to $250 per quarter. Elder Distributions are reserved for original shareholders aged 65 or older, in recognition of their foundational role in the corporation’s history and success.
“These increases represent more than numbers,” said NOK President & CEO Monica James. “They reflect the strength of the corporation, the continued growth of our business operations, and our dedication to honoring our Elders while fulfilling our commitment to provide sustainable benefits for all shareholders.”
Both the quarterly dividend and the Elder Distribution are paid on the same schedule — the last business day of March, June, September, and November.
Payment & Eligibility Reminder
- Payment Schedule: Last business day of March, June, September, and November
- Elder Eligibility: Original shareholders age 65 and older