The amount of this year’s Permanent Fund Dividend will be announced on Sept. 18.
Acting Revenue Commissioner Angela Rodell will reveal the much-anticipated total at an event in Anchorage.
Last year’s dividend was $878, the lowest since 2005. The historical low came in 1984, when individual checks totaled $331.
The checks are distributed in early October.
To qualify for a PFD, a person must have lived in the state for the entire calendar year before applying for a dividend, with the intent to remain indefinitely.
The dividend calculation is based on a five-year average of the Permanent Fund’s investment returns.
Last year, 610,633 dividends were paid to qualified Alaskans.
The Alaska Permanent Fund was created in the state constitution in 1976 as a savings for at least 25 percent of the state’s oil revenue. The Fund is invested in public and private assets around the world.
- A National Weather Service meteorologist says warm ocean temperatures and less sea ice suggest this year's winter could be close to normal.
- Interior Secretary Sally Jewell has ordered that Native communities and their traditional ecological knowledge be considered in future federal land management decisions.
- The first marijuana shop in the state has its license to open and it's in Skagway. The Remedy Shoppe must now wait for the state to give the green light to marijuana testing facilities before its shelves are stocked.
- Sen. Dan Sullivan said he is trying to make Congress aware of more than 30 villages that still don't have running water or sewers.