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.
- The incident had witnesses, which can help investigators determine the cause of a crash in the same way witnesses are helpful when investigating car accidents.
- Divers have found multiple spots where oil could have been released and have since sealed off those locations. The total amount of oil released from the Powhatan is unknown.
- Today's communiqué from the summit is unusually short. Notably, it says the U.S. "is in the process of reviewing its policies on climate change and on the Paris Agreement."
- The judge ruled Friday that, because the Supreme Court has found mandatory life for juveniles unconstitutional, two sentences being served in Virginia by Lee Boyd Malvo must be reconsidered.