Oil Patch Bits: Calista Corp. announces shareholder dividend record

Calista Corp. said Feb. 25 that its board of directors voted at its Feb. 22 meeting to approve a shareholder dividend distribution totaling $4.3 million to shareholders of record dated March 29, 2013. Total distribution of shareholder dividends will exceed $19.9 million since inception. This is the sixth consecutive yearly dividend of eight total shareholder dividends. Each dividend has increased from the previous distribution.

Calista has one of the largest populations of shareholders among the Alaska Native corporations at more than 12,000 individuals. This distribution equates to $3.25 per share, an 8 percent increase from 2012. Checks are expected to be mailed out by the close of business April 15.

“Calista Corporation, like other ANCSA corporations, has unique requirements to operate as a business, work to benefit our region and also improve the socio-economic lives of our Shareholders,” said Calista Corp.’s Board Chair Willie Kasayulie. “The Calista region has some of the highest energy rates, food and transportation costs, and highest unemployment rates in the nation. Operating as a disadvantaged business in the federal contracting arena is crucial in allowing us to benefit our region while also providing cost-effective services for the government.”