Arctic Directory October 2015: Calista Corp. sets record shareholder dividend

Calista Corp.’s 11th shareholder dividend since inception is the largest in its corporate history. This 2015 shareholder dividend distribution 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 8 percent increase from 2014.

“Approximately 60 percent of shareholders live in the Yukon-Kuskokwim Delta,” said Calista Corp. 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.

Editor’s note: All of these news items - some in expanded form - will appear in the next Arctic Oil & Gas Directory, a full color magazine that serves as a marketing tool for Petroleum News’ contracted advertisers. The next edition will be released in September.

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