August 16, 2021
Dividends Pay Again
Over 22,000 Montana State Fund policyholders received a dividend check in May. This group shared a $20 million dividend declared by the MSF Board of Directors at their March, 2021 meeting.
President and CEO Laurence Hubbard explained that last fall, amid economic uncertainty surrounding the coronavirus pandemic, the Board of Directors opted to take a conservative approach when they declared a $20 million dividend for policyholders in September 2020.
“At the same time, they pledged to revisit their decision in the spring of 2021 to consider an additional dividend. I am happy they fulfilled that commitment and declared another $20 million. It is our hope that these funds will help Montana employers continue to weather the storm of COVID-19.”