Council Delegate Lee Jack Sr., Council
Delegate Seth Damon, Din Development
Corporation CEO Austin Tsosie, BRIC Director of Operations Oscencio
Tom, Council Delegate Tom Chee, and Council Delegate Benjamin L.
Published October 11, 2018
WINDOW ROCK At the
start of Wednesdays Budget and Finance Committee meeting, Din
Development Corporation CEO Austin Tsosie presented $350,000 to the
Navajo Nation, a dividend payment that will be distributed between
the Navajo Nations General Fund and the Business and Industrial
The dividend payment is the third such
payment issued by the Din Development Corporation since
October 2017. In total the enterprise has contributed $850,000 to
BFC chair Council Delegate Seth Damon (Bhl,
Chichiltah, Manuelito, Ts Lich, Rock Springs, Tsayatoh) said he is
very grateful to the Din Development Corporation for their
consistent contributions to the Navajo Nation.
The Budget and Finance Committee has asked
all Navajo Nation enterprises to contribute dividend payments to
help provide direct services and other assistance that benefit
members of the Navajo Nation, said Delegate Damon.
The Din Development
Corporation was established in 2004 to facilitate
opportunities for the Navajo Nation through the creation of
subsidiary corporations, joint ventures, and partnerships. Their
business portfolio includes five companies: Nova Corp., BRIC, DDC
ITS, Din Source, and DDC 4C.
CEO Austin Tsosie said the Din Development
Corporation has always been proud to be the Nations reach into
global industries, but even more proud to be able to return
sizeable dividends to the tribe. Since October 2017, as part of its
ambition to actively return profit dividends to the Navajo Nation,
DDC has submitted dividends to the Navajo Nation totaling
We have shifted our business model to
incorporate a recurring tangible return to the Nation based on our
profits; the more successful we are, the more the Navajo Nation
will benefit, said Austin Tsosie.
Delegate Damon sai...