Alaska News

Calista Corp. announces fall dividend for second consecutive year

BETHEL – Calista Corp., the Alaska Native regional corporation for the Yukon-Kuskokwim Delta, announced Wednesday that it was issuing a fall dividend for the second year in a row.

The $2 million Akilista Dividend will be paid out by Nov. 13, Calista said. The corporation has about 13,000 shareholders. Those who hold 100 shares, the average, will each get $151, Calista said.

This marks the second year that Calista is awarding two dividend distributions, a spring dividend from its business operations and a fall dividend from its investment portfolio.

Since its creation under the 1971 Alaska Native Claims Settlement Act, Calista has distributed more than $33 million, more than half of that in the last three years. Unlike some regions, Calista does not have big mineral or logging resources to exploit.

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