Goldbelt Shareholder Statistics
Dividend Policy
Direct Deposit Program

Goldbelt Shareholder Statistics

A goal of Goldbelt is to provide meaningful and increasing dividends to the common stock shareholders of the Corporation.

Originally, Goldbelt enrolled 2,722 shareholders; subsequently the original shares issued have been spread to new shareholders through stock gifting and inheritance.  Today, there are more than 3,300 shareholders, however the original number of shares issued remains constant at 272,200 shares.

To date Goldbelt, Incorporated has paid $63,730,186 in dividends to its shareholders. Although most original shareholders own 100 shares, through gifting and inheritance the average shareholder owns 85 shares.  Goldbelt has paid a total of $234.13 per share to its shareholders since Goldbelt’s inception.

The Board of Directors typically reviews the financial performance of the corporation twice a year, in Spring and Fall.  Based on their findings a dividend may be declared.

Dividend Policy

The Goldbelt, Incorporated Board of Directors established, in November, 1995 a Dividend Policy.  The following policy was updated in January 1998:

Principles for determining dividends:

1. The Corporation must first be projected to and / or generate cash income and at a minimum sustain asset growth.

2. Dividends are distributed only from the cash income of the Corporation.

3. The Board declares all dividends.

4. There are two types of dividends.

A) Regular dividends

1) May be paid on a consistent basis, usually in May and November of every year, contingent on the Board approved budget and anticipation of achieving current year cash income or operating cash projections.

a) Are adjusted to a lower than scheduled amount if projected cash income or operating cash will not be achieved or if excess retained earnings are not available. (Prior period surplus.)

b) Shall not be paid if the minimum anticipated cash income and capital accounts fail to exceed the inflation proofing goal for equity and excess retained earnings are not available.

B) Special dividends

1) May be paid after the regular dividend is paid.

2) The total dividends shall not exceed 60 percent of cash income of the fiscal year.

3) Are paid after Shareholders Equity is inflation proofed and a minimum 1.5 percent real growth rate in equity is achieved.

4) The special dividend will be paid in January of the year following the measured year in which the regular dividends have been previously paid.

5) The special dividend will be determined by the Board of Directors based on corporate goals which include but are not limited to the following:

a) Retaining sufficient capital in the Company to maintain growth.

b) Providing a consistent and sustainable increase in dividends.

Direct Deposit Program

Goldbelt offers Direct Deposit for shareholders who desire to have distributions directly deposited into a checking or savings account.  In order for your Direct Deposit request to be processed, you must include a voided check, deposit slip or letter from your bank verifying the account and routing numbers.

Please mail or fax the completed form to the corporate office at:

Goldbelt, Incorporated
3075 Vintage Blvd Suite 200
Juneau, Alaska 99801

Fax:  (907) 790-4999