Stimulus update: Payment from Alaska fund worth up to $3,284 to be sent in six days
Jack Birle
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Most eligible residents in Alaska who have yet to receive their 2022 Permanent Fund Dividend payments are set to receive their dividend in six days.
Those who had an “eligible-not paid” status will get their payment of up to $3,284 on Thursday. Most residents who are eligible for the program have already received their payments.
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Residents in the Last Frontier can apply for the dividend payment from Jan. 1 to March 31 of each year. While the state does not generally accept late applications for the program, there are some exceptions that allow applications to be sent past the deadline.
“The PFD at $3,284, a total of $13,000 for a family of four, can go a long way in offsetting the record-high costs of energy and food we’re experiencing, preparing for winter, paying off debt, saving for college, or any number of other purposes,” Gov. Mike Dunleavy (R-AK) said in a statement last year about the Permanent Fund Dividend payments.
A qualifying recipient of the dividend must be an Alaska resident who intends to remain a resident of the state indefinitely at the time of filling out the application, along with other requirements such as not being a convicted felon and having not claimed residency in a different state during the year for the dividend.
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Alaska sends out the dividend payments to eligible residents based on mineral revenues from that year “to benefit current and future generations” of residents of the state.
The state has not set the Permanent Fund Dividend amount for 2023, but payments for 2023 are scheduled to be sent out to most eligible residents beginning next month.