Matt Miller, KTOO – Juneau
Today, Governor Sean Parnell announced this year’s Permanent Fund Dividend.
Parnell and other administration members announced the amount in the lobby of the Juneau building that houses the main offices of the Alaska Permanent Fund Corporation.
This year’s amount is only slightly less than last year’s dividend of $1,305. That’s even with what Alaska Permanent Fund Corporation executive director Mike Burns says was one of the five all-time worst years in the stock market, ever.
Despite that recent volatility, the total value of the Alaska Permanent Fund is now at $35.6 billion.
A total of $821.9 million dollars is being paid out this year to 641,595 Alaskans.
Approximately 30,000 other applications are still under review.
Dividends will be directly deposited into bank accounts on October 7. That’s also the day when paper checks will go in the regular mail.
Download Audio (MP3)