Calista Corporation Declares $2 Million Akilista Dividend
Dividends Total $33.3 Million Since Inception
(Anchorage, Alaska) - Calista Corporation's Board of Directors approved today the second dividend for 2015. The Akilista Dividend totals $2 Million, a 23% increase from the previous year. Calista has declared 12 dividends since inception, inclusing two this year and two in 2014. Combined, the 2015 Shareholder dividend distributions total $7 Million. The total distribution of all Calista Shareholder dividends is $33.3 Million, with 40% of that total declared in the last two years.
Calista has one of the largest population of Shareholders among the Alaska Native Corporations, with approximately 13,000 individuals. This Akilista Dividend equates to $1.51 per share, with the average Shareholder owning 100 shares. Checks are expected to be mailed out by the close of business Friday, November 13.
AVCP recently held its 51st Annual Convention. Calista Corporation was one of many organizations invited to present to the delegates.
The presentation was given by Chair Margaret Pohjola. Pohjola provided a brief update on Calista's activities, noting that wages to Shareholders and Descendants in 2014 totaled $10.5 Million. She also noted that half of all Shareholder dividend dollars have been distributed since 2013. A record two dividends were declared in 2014 (spring dividend and winter's Akilista dividend).
Click the picture below to view a PDF (1.81MB) of Calista's presentation.
Calista Corporation Chair Margaret Pohjola presenting at the 2015 AVCP Convention (click for larger image - 1.21MB)