NNAI’s dividends reflect our shared success. By returning earnings to our shareholders and supporting the Settlement Trust, we strengthen our community today and for generations to come.
The NNAI Board of Directors approves all shareholder distributions. NNAI issues two regular dividends each year:
First payment: typically by June 1
Second payment: typically by December 15, ensuring it falls within the same fiscal year
Dividends equal 20% of net income attributable to controlling interest after taxes, based on the prior year’s final audited financial statements. Each of the two payments represents half of the total annual dividend.
In June 2021, NNAI shareholders approved the creation of the NNAI Settlement Trust (NST). That August, the Board directed that the year’s second dividend be transferred to the NST Distribution Fund, and trustees distributed those funds to all eligible NNAI shareholders of record.
Tax advantage: Beneficiaries do not need to report distributions from the Trust’s current or accumulated taxable income on their personal income tax returns.
Shareholders receiving dividends via direct deposit must ensure their Direct Deposit Form (PDF) is kept up to date. Failure to update this information may result in dividends being issued by check instead of direct deposit.
