CCA is the largest owner of private prisons in the nation, behind only the federal government and three states. The company just announced that it’s Board of Directors has declared a special dividend to shareholders of $675 million dollars.
The company can pay its shareholders so well because it is rolling in money. The prison population has spiked since the Sentencing Reform Act of 1986, which created long prison sentences for those charged with the possession or distribution of drugs. Those hardest hit have been African Americans.
Largest Prison-Owning Corporation Issues Massive Dividend of $675 Million to Sharedholders