The Alaska Department of Revenue is sending out another batch of one-time payments from the 2023 Permanent Fund Dividend to eligible residents in only six days.
The annual payment has been sent to two large batches of eligible residents during the first two disbursements, on Oct. 5 and Oct. 18. The next round of payments is due to be sent out on Nov. 16. The direct payments from the state are worth $1,312 per resident for 2023.
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An applicant must be an Alaskan resident who intends to remain a state resident indefinitely and not be a convicted felon or claim residency in another state during that year to be eligible for a payment from the program. Residents may apply for the state program from Jan. 1 to March 31 each year.
Those who had the “Eligible-Not Paid” status on Wednesday and have yet to receive their 2023, or earlier, payment from the state program will get their check on Nov. 16.
“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.”
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“This year, we processed over 8,000 more applications than in 2022,” the statement read. “The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans.”
Officials in Alaska say that the Permanent Fund Dividend amount is based on mineral revenues for the state the year, with them saying the program is meant “to benefit current and future generations.”
