Alaska News

Most direct-deposit Permanent Fund dividends started arriving Thursday, with thousands more to come in late October, state says

More than 534,000 Alaskans who applied for the Permanent Fund dividend online and requested direct deposit began receiving their dividends Thursday, according to the Alaska Department of Revenue.

Alaskans can check the status of their PFD application at pfd.alaska.gov.

This year’s dividend is $1,114, an amount approved by legislators and Gov. Mike Dunleavy in September after months of negotiations in which Dunleavy and some legislators sought a larger amount.

Cost concerns defeated that push, and legislators are now meeting in special session and considering options for a new formula to reliably pay future dividends.

Some Alaskans will have to wait for their checks, the Department of Revenue said. More than 65,000 recipients are scheduled to receive direct deposit or a paper check starting the week of Oct. 25.

The Department of Revenue is still analyzing the eligibility of another 44,000 applications, a department official said Wednesday. That figure is as of Monday and will fluctuate as officials work.

The department estimates about 643,000 Alaskans will receive this year’s dividend, and if that figure is confirmed, it would be the most since 2011.

Sponsored