FOR IMMEDIATE RELEASE
March 3, 2015
Calista Corporation Sets Record Shareholder Dividend of $5 Million
Approximate Economic Impact to YK Delta: $3 Million
(Anchorage, Alaska) –
Calista Corporation’s 11th Shareholder dividend since inception is the largest in its corporate history. This 2015 Shareholder dividend totals $5.05 million and is the ninth dividend since 2007. The total distribution of Calista’s Shareholder dividends is $31.3 million, with 50 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 12,900 individuals. This distribution equates to $3.80 per share, with the average Shareholder owning 100 shares. This dividend is an eight percent increase from 2014. Checks are expected to be mailed out by the close of business, Wednesday, April 15.
“Approximately 60 percent of Shareholders live in the Yukon-Kuskokwim Delta,” said Calista Corporation Board Chair Willie Kasayulie. “This estimated $3 million impact for the region is significant for one of the most economically challenged areas in the nation.”
2014 marked the first year in Calista’s history that two dividends were distributed in one calendar year. The spring dividend is based on unaudited financial results from the prior year. The fall dividend is from the Akilista Fund, which made its first distribution in 2014. The is an investment fund created to provide a perpetual source of dividends not reliant on business operations. Additionally, in December 2014, Calista also provided a distribution of more than $630,000 through the Shareholder-supported Elders’ Benefit Program.
Chart: Calista Corporation Dividends (jpeg, 95kb)
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 12,900 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 $34.9 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. Calista can be found on Facebook and Twitter.
Also read: 2015 Calista Shareholder Award Nominations Due Friday, April 17