Residents in Alaska will again receive an amount of $1,312 through Alaska’s Permanent Fund Dividend or PFD beginning this month.
Eligible residents in the state of Alaska will receive an amount of $1,312 in direct payments as part of the Permanent Fund Dividend. (Photo: Getty)
What is Alaska’s Permanent Fund Dividend?
The state of Alaska has a payment for its residents called the Permanent Fund Dividend, or PFD. As explained in a news outlet, this payment is made to residents of a specific region from the earnings of a permanent or sovereign wealth fund.
In a published article in The U.S. Sun, this sovereign wealth fund called the Alaska Permanent Fund was established in 1976. The source of its fund is the revenue from the state’s oil and gas reserves. Moreover, part of the dividend is given fairly to the residents of the state.
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How Much Each Resident Will Receive?
According to a published article on the official website of the State of Alaska: Department of Revenue, eligible residents will receive a one-time direct payment of an amount of $1,312. The application started on January 1, 2024 at around 9:00 a.m., and here are some information that you should know:
- Eligible dividend applications that are in “Eligible-Not Paid” status on January 10 will be distributed on January 18.
- Applications in the “Eligible-Not Paid” status on February 7 will be distributed on February 15.
- Applications in the “Eligible-Not Paid” status on March 13 will be distributed on March 21.
Furthermore, the amount is calculated by dividing the amount available for distribution from the Permanent Fund earnings account by the number of eligible applicants.
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