Calista Corp. is announcing a record dividend for shareholders of the regional Alaska Native corporation.
Calista officials say the $5.6 million distribution was recently approved by the corporation’s board of directors.
Each share in the payout is about $4.23. For the average shareholder with 100 shares, that will work out to $423. Checks are expected to be mailed out on April 15.
Officials say the dividend is an 11 percent increase over the 2015 dividend.
Calista is the Native corporation for the Bethel region. The corporation currently has about 13,000 shareholders.