facebook
twitter
search
search

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

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.

Related UPI Stories
Top Stories
Why the fake braces trend may be dangerous for users
Jared Leto 'stopped eating' for his 'Dallas Buyer's Club' role
Kelly LeBrock arrested for DUI
Gisele Bundchen, Tom Brady drop $14M on Manhattan home
Brandi Brandt faces drug charges in Australia