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.
- French President François Hollande was at the White House trying broaden an international coalition to fight the Islamic State.
- Canadian regulators say the Tulsequah Chief Project, near Juneau, has agreed to reduce pollution leaking into a nearby river. But the mine won’t have to restart a shuttered water-treatment plant.
- On the sidewalks, at the stores, at the bars, people have been talking about a loud sound they heard around 2:30 a.m. Saturday. Most have never heard anything like it before.
- A pilot program called Alaska Innovative Medicine in Anchorage is rounding out its first year trying to improve that journey for patients while also spending less on health care.