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.
- October 6, 2015- Jason Hart and Jeff Redmond lost their bids for Juneau School Board to incumbent Andi Story, and newcomers Josh Keaton and Emil Mackey in Tuesday’s election.
- October 6, 2015- The new mayor was the only change to the Juneau Assembly to come out of the elections. Assemblymen Loren Jones and Jerry Nankervis will both retain their seats for second terms.
- October 6, 2015- Gov. Bill Walker's administration spent $50,000 on Washington, D.C., consultants to help prepare them for a visit by President Barack Obama.
- October 6, 2015- Robert Sauerteig, 53, went hiking with his dog Monday and found themselves stuck. He spent the night on the mountain.