Low oil prices hit Sealaska dividends

Anthony Mallott is president and CEO of Sealaska, the Juneau-based regional Native corporation that’s distributing $10.6 million to its 22,000 members this month. (Photo by Ed Schoenfeld/CoastAlaska News)Lower North Slope oil prices are taking a bite out of Native corporation dividends 1,100 miles away.
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Sealaska, Southeast’s regional corporation, just announced it will pay out $10.6 million to its more than 22,000 members mid-month. That’s a third less than last year