This year’s Permanent Fund dividend will be $1,312, the Alaska Department of Revenue announced Thursday.
Alaskans who filed online to get their dividend via direct deposit should receive it on Oct. 5. Those who opted for a physical check or filed with a paper application can expect their PFD to arrive by Oct. 26.
State officials say more than 600,000 Alaskans are eligible to receive a PFD this year.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Department of Revenue Commissioner Adam Crum said in a statement. “This year, we processed over 8,000 more applications than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”
Lawmakers had discussed a potential $500 increase to dividend amounts if the price of oil maintained a level of around $83 per barrel, but that would apply to checks issued in 2024.
Last year, eligible Alaskans received a $3,284 PFD, which included a $650 energy relief check.