The Calista Corporation is giving out the largest shareholder dividend in corporate history. The Board of Directors approved a dividend distribution totaling $4.65 million.
This distribution equates to $3.50 per share, an eight percent increase over last year. Checks are expected to be mailed out by the close of business on April 15.
Chariman Willie Kasayulie says the business has succeeded by diversifying operations and making acquisitions.
In April 2013, Calista provided a shareholder dividend totaling $4.3 million. In December 2013 Calista also provided a distribution of more than $590,000 through the Shareholder-supported Elders’ Benefit. The corporation has distributed nearly $25 million in dividends since incorporation.
Ben Matheson is a contributor with the Alaska Public Radio Network.
