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Pedro Bay Corporation shareholders will receive a dividend distribution of $4.12 per share in November. The Board of Directors will approve the dividend amount at its October meeting.

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In February, the Board approved a new investment policy through a partnership with Alaska Permanent Capital Management. As part of a five-year strategic plan, the annual payment per share dividend will increase shareholder dividends. The portfolio will have a distribution formula of 3.5 percent of the rolling 5-year-end average of the portfolio, and will be paid annually. The plan calls for annual increases in the dividend through fiscal year 2019.

More than $230,000 in dividends has been distributed to the corporation’s 177 shareholders since 2009. The new plan calls for an estimated $270,000 in shareholder dividends over the next five years. 

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