Corrections Corporate of America just announced its yearly dividends for stock-holders: $675 MILLION.
All it takes is a cut-back here, and overcrowding there, and wah-la! Your corporate dividends just grow and grow. So does Corrections Corporation of America, the nation’s largest, and most successful, private prison company. How much profit can a prison wring out of the state it’s operating in? We’ve just learned. The CCA operates a total of 67 prison facilities throughout the United States, with a total capacity of 92,500 beds in 20 states and the District of Columbia.