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.

 

 

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