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.
- September 1, 2015- Across the state, businesses from banks to hotels to hardware contractors are named "McKinley." Now all those shops are left deciding if they need to rebrand.
- September 1, 2015- Obama also wants to work with Congress to plan for an expanded icebreaker fleet, “To ensure the United States can operate year-round in the Arctic Ocean,” he said.
- September 1, 2015- As President Obama continues touring Alaska, the aims and outcomes of Monday’s GLACIER Conference are still being sorted out.
- August 31, 2015- Litter, fistfights, intoxicated loiterers, open container violations and sundry calls for emergency services are common at the pocket park in the shadow of the Gastineau Apartments.