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.
- Now, to avoid a second year of mass layoff notices to state workers and another government shutdown scare, the pressure is on lawmakers to take the negotiated deal as-is.
- The U.S. Forest Service wants tourists to take in the dramatic views, but also consider why the glacier is shrinking.
- Photos from Monday's observances at Evergreen Cemetery and Warrior Park.
- It took Damon Stuebner eight years to make this documentary. It traces Storis’ journey from World War II to its long history in Alaska dating to 1948 when it came to Juneau.