Alaska residents to get $900 dividend in annual payout from oil fund

Alaska residents to get $900 dividend in annual payout from oil fund

Alaska residents to get $900 dividend in annual payout from oil fund, Most Alaskans will have a little more money in their pockets this year thanks to the state's Permanent Fund dividend (PFD), an annual payout from Alaska's oil-wealth trust fund -- now worth more than $45 million.

Acting Revenue Commissioner Angela Rodell Angela Rodell said Wednesday that eligible residents would get $900 this year -- more than last year's $878 but far less than the $2,069 they received before the recession in 2008.

Rodell said that this year's oldest dividend applicant was 108 years old, while its youngest was born at 11:59 p.m. Dec. 31, 2012, the last day to apply. The PFD dividend check's are based on the performance of the Alaska Permanent Fund over the last five years.