This year’s Permanent Fund dividend is $2,072. The governor recruited 7th grader Shania Sommer to make the announcement.
The Permanent Fund is managed like an endowment. At least 25 percent of the state’s oil royalties are deposited into the fund. Dividend checks, which are issued every year to qualified residents, are calculated based on the performance of the fund over the previous five years.
Editor’s note: A previous version of this story incorrectly stated Sommer’s age. We’ve corrected the reference.