Calista Corporation’s largest-ever shareholder distribution of $11 million will occur on or before April 14.
The distribution is nearly 13 percent larger than last year’s spring distribution of $9.8 million, according to a statement earlier this week from the corporation.
The average Shareholder who owns 100 shares will receive an estimated $283. This is a 9 percent increase from last year, despite the 1,200 new Shareholders who enrolled in the past year.
Direct deposit updates must be received by March 21, and address updates by April 2. Updates can be completed at MyCalista.com, the corporation’s shareholder portal.
Checks will be mailed on or before April 14 for those without direct deposit. Shareholders in the Y-K Region should allow up to three weeks for mailed checks to arrive, weather permitting.
This is the 42nd distribution in Calista’s history, and total distributions to shareholders now exceed $124 million.
More than 36,100 Shareholders will receive the 2023 Spring distribution.
Image at top: Graphic courtesy of Calista Corporation.