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Alaska residents to get $900 dividend in annual payout from oil fund

Posted By KATE STANTON, UPI.com   |   Sept. 18, 2013 at 9:10 PM   |   Comments

Sept. 18 (UPI) -- Most Alaskans will have a little more money in their pockets this year thanks to the state's Permanent Fund dividend (PFD), an annual payout from Alaska's oil-wealth trust fund -- now worth more than $45 million.

Acting Revenue Commissioner Angela Rodell Angela Rodell said Wednesday that eligible residents would get $900 this year -- more than last year's $878 but far less than the $2,069 they received before the recession in 2008.

Rodell said that this year's oldest dividend applicant was 108 years old, while its youngest was born at 11:59 p.m. Dec. 31, 2012, the last day to apply.

The PFD dividend check's are based on the performance of the Alaska Permanent Fund over the last five years.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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