Calista Corporation Sets Record Shareholder Dividend of $4.65M
(Anchorage, Alaska) – The largest Shareholder dividend in corporate history was approved today by the Calista Corporation Board of Directors. The 2014 Shareholder dividend distribution totals $4.65 million and is the ninth dividend since inception. The total distribution of Shareholder dividends is $24.6 million, with nearly 53 percent of that total provided in the last three years.
With more than 12,000 individuals Calista has one of the largest populations of Shareholders among the Alaska Native Corporations. This distribution equates to $3.50 per share, an eight percent increase from 2013. Checks are expected to be mailed out by the close of business Tuesday, April 15.
“By diversifying our operations and targeting acquisitions Calista is navigating the rough economic climate,” said Calista Corporation Board Chair Willie Kasayulie. “While the average business generally focuses on fiscal results, as an ANCSA corporation we must also balance socio-economic support for our Shareholders and our region.”
In April 2013 Calista provided a Shareholder dividend totaling $4.3 million. In December 2013 Calista also provided a distribution of more than $590,000 through the Shareholder-supported Elders’ Benefit Program. Additionally, more than $200,000 was donated to key regional and state organizations including the Bethel Senior Center, Emmonak Women’s Shelter, search and rescue teams, plus an additional donation of $300,000 for Calista Heritage Foundation’s scholarship program.
The second largest of the original 13 Alaska Native Corporations, Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents more than 12,000 Shareholders. The Calista region encompasses more than 6.5 million acres and includes 56 villages, which are incorporated into 46 individual village corporations. Since 1994, Calista has provided more than $3.5 million in scholarships and since inception more than $27.6 million in dividends and Elders’ Benefit Program distributions to its Shareholders and Descendants.
Calista Corporation is the parent company of more than 35 subsidiaries in the following industries: military defense contracting, construction, communications, real estate, environmental and natural resource development, and information technology and media services.
Posted: March 21, 2014