(SitNews) Juneau, Alaska – - Beginning Thursday, October 3, an estimated 631,000 Alaskans will receive their 2019 Permanent Fund Dividend in the amount of $1,606.00. The total distribution for this year’s dividend is over 1 billion or approximately $1,013,000,000. 

According to the Alaska Department of Revenue, under Governor Michael J. Dunleavy’s PFD proposal, and the statutory formula passed by the Alaska Legislature into law in 1982, the 2019 dividend should have been $2,910.00.

Alaskans who filed for the dividend online and chose direct deposit will see the funds in their bank accounts on or shortly after October 3, 2019. Alaskans who applied with a paper application and/or chose a paper check will receive payment starting on October 24. 

Dividend applications that require additional time to process and approve will be paid out on a monthly basis by check or direct deposit beginning October 24.

2019 marks the 38th year Alaskans have received their share of the state’s natural resource wealth. Following the 2019 dividend payment, the estimated total of all funds disbursed to Alaskans, including the one-time 2007 Resource Rebate, will exceed $24 billion dollars.

To check the status of your PFD application go the state’s website MyPFD. 

Edited by Mary Kauffman, SitNews

Source of News:

Alaska Department of Revenue
www.dor.alaska.gov

 

 

 

Representations of fact and opinions in comments posted are solely those of the individual posters and do not represent the opinions of Sitnews.

SitNews ©2019
Stories In The News
Ketchikan, Alaska

Articles & photographs that appear in SitNews are considered protected by copyright and may not be reprinted without written permission from and payment of any required fees to the proper freelance writers and subscription services. E-mail your news & photos to editor@sitnews.us Photographers choosing to submit photographs for publication to SitNews are in doing so granting their permission for publication and for archiving. SitNews does not sell photographs. All requests for purchasing a photograph will be emailed to the photographer.