by Thom Leonard
Calista (cha-LIS-tuh) Corporation’s Board of Directors recently approved a 2018 spring dividend. Calista’s first dividend of the year totals $6.17 Million, up from $5.95 million the previous year.
Calista estimates there will be approximately 25,000 Shareholders who will be eligible for this dividend. Dividends are distributed by share. Calista projects the spring dividend will be approximately $2.46 per share. The distribution is expected to be released for direct deposit and mailed out by the close of business Friday, April 13.
Calista Corporation President/CEO Andrew Guy says, “About 92 percent of Shareholders live in Alaska. That means $5.7 million will be distributed to Shareholders around the state.”
This is the first dividend that includes new Class C and Class D Shareholders. In 2015, original Shareholders approved a resolution to expand enrollment to include Descendants and missed enrollees. The new shares were first distributed in December 2017.
Calista has declared two dividends each year since 2014, for a total of 17 dividends since inception. The total distribution of all 13 spring Shareholder dividends is $47.4 million, and the four fall Akilista dividends total $8.2 million.
Shareholders are encouraged to have their current address on file. Shareholders can verify or update their address through the free and secure web portal, MyCalista.com
Direct deposit of dividends is also available. Forms are available at MyCalista.com, www.calistacorp.com
Calista Corporation was established under the Alaska Native Claims Settlement Act of 1971 and represents approximately 25,000 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.