Eligible residents in Alaska will start to receive their payment from the 2023 Permanent Fund Dividend in less than two weeks.
The $1,312 payments from the 2023 Permanent Fund Dividend will be sent to eligible Alaskans beginning with the first round in 13 days.
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“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth. I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications,” Alaska 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,” he added.
To be eligible for the Permanent Fund Dividend, an applicant must be an Alaska resident who intends to remain a resident of the state indefinitely at the time of filling out the application. The resident applying must also not be a convicted felon and not be claiming residency in another state during that year.
From Jan. 1 to March 31 of each year, residents of Alaska can apply for the program. Outside of the annual three-month application timetable, there are exceptions for some people to apply at different times.
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Payments from the program will be sent out on Oct. 5 to residents who filed electronically, requested direct deposit, and had the “eligible not paid” status as of Sept. 21, per the state. Any Alaska resident who has yet to be paid their 2022 or earlier year dividends and is “determined eligible during this time” will also be paid by the state program on Oct. 5, according to the Alaska Department of Revenue.
The amount given out to residents as part of the annual Permanent Fund Dividend is determined by mineral revenues for the state that year and is meant “to benefit current and future generations” of Alaskans.
