Calista Corporation Issues Record Dividend to Shareholders
Calista Corporation is pleased to announce its year-end financial results for 2009, which include
revenues of $203.02 million resulting in a net income of $18.06 million after taxes. Additionally,
company assets grew to $145.65 million in 2009 from $144.9 million in 2008.
As a result of solid performance, business diversification and financial discipline Calista Corporation is in a stable fiscal position despite persistent global economic challenges. Based on the financial position of the corporation, the Calista Board of Directors declared a distribution of $2.25 per share at its April Board meeting to Shareholders of Record dated April 15, 2010. This is the largest dividend the corporation has issued to date. Checks will be mailed out by the close of business April 23, 2010.
The allocation will amount to $225 per 100 shares. "Calista Corporation will continue to work tirelessly to provide shareholder benefits as well as to deliver excellence in the projects we build, the services we offer and the jobs we provide,"said Art Heckman, Chairman of the Calista Board of the Directors.
The second largest of the original 13 Native corporations, Calista was established under the Alaska Native Claims Settlement Act of 1971 and represents over 13,000 shareholders. The Calista region encompasses over 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Calista Corporation is the parent company of numerous businesses, providing services ranging from telecommunications and marketing to construction and facility management.