October 19, 2016
Calista Corporation Declares $2.2 Million Akilista Dividend
Impact to YK Delta: $1.37 Million
(Anchorage, Alaska) - Calista Corporation's Board of Directors approved today the second dividend for 2016. This Akilista dividend totals $2.2 million, a 10 percent increase from the previous year. Calista has declared six dividends since 2014, for a total of 14 dividends since inception.
Combined with the April 2016 Shareholder dividend, total distributions this year are $7.8 million. The total distribution of all Calista Shareholder dividends is $41 million, with 52 percent of that total declared in the last three years.
Calista has one of the largest populations of Shareholders among the Alaska Native Corporations, with approximately 13,000 individuals. This Akilista dividend equates to $1.67 per share, with the average Shareholder owning 100 shares. The distribution is expected to be released for direct deposit and mailed out by the close of business Monday, November 21.
Calista Corporation Board Chair Margaret Pohjola says, "An estimated 62 percent of Shareholders live in the Calista Region. As a result $1.37 million will reach the Yukon-Kuskokwim Delta as Shareholders prepare this winter to pay for some of the highest energy rates in the nation."
Calista has distributed two dividends each calendar year since 2014. The spring dividend is based on Shareholders' Equity for the prior three years. The fall dividend is from the Akilista investment portfolio, which made its first distribution in 2014. This is an investment account created to provide a perpetual source of dividends not reliant on business operations.
Images: Calista Corporation Dividends and Elders' Benefit Distributions
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 approximately 13,000 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 $4 Million in scholarships and since inception more than $45.4 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, real estate, environmental and natural resource development, and information technology. Calista can be found on Facebook and Twitter.