Calista (cha-LIS-tuh) Corporation’s Board of Directors approved the Akilista dividend for 2017. This fall dividend which totals $2.4 million, marks an increase of over seven percent from the previous year. Calista has declared both a spring and an Akilista dividend each year since 2014. The total distribution to Calista Shareholders for these dividends is $49.5 million, with 60 percent of that total having been declared since 2014.
Dividends are distributed by share, with the average Shareholder owning 100 shares. Calista has one of the largest populations of Shareholders amongst Alaska Native Corporations, with over 13,500 individuals. This fall dividend equates to $1.79 per share. The distribution is expected to be released for direct deposit and mailed out by the close of business November 20, 2017.
“The average Shareholder has received $2,219 in spring and Akilista dividends since 2014. These dividends are part of other impactful benefits including scholarships, internships, Elders’ Benefit distributions, donations, and more,” says Calista Board Chair Wayne Don.
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. Elders’ Benefit Distributions total $5 million and are for original Shareholders at least 65 years old. The first distribution was made in 2008 and they have been declared yearly each December.
The Board set October 25, 2017 as the date of record. All Shareholders recorded and identified as of this date will receive the Akilista dividend.
Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 13,500 Shareholders. Calista is the parent company of more than 30 subsidiaries in the following industries: military defense contracting, construction, real estate, environmental and natural resource development, and oil field services.