Alaska’s Permanent Fund Dividend: 2024 Distribution Updates and Application Details

In just three weeks, the Alaska Department of Revenue is gearing up to disburse checks from the Permanent Fund Dividend (PFD) to another segment of eligible residents who are yet to receive their entitlements from the state initiative.

Scheduled for March 21, the recipients of PFD checks include individuals categorized under the “Eligible-Not Paid” status as of March 13, who are still awaiting disbursement of their 2023 or earlier payments from the program.

The Permanent Fund Dividend allocates payment amounts based on the state’s annual mineral revenues, disbursing funds to eligible residents each year. In 2023, the PFD check amounted to $1,312, with distribution commencing in October of that year.

Alaska Department of Revenue Commissioner, Adam Crum, highlighted the significance of the 2023 payment, stating, “The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth.” He expressed gratitude to the Permanent Fund Dividend Division for their steadfast efforts in administering the program and processing applications, citing an increase of over 8,000 applications compared to 2022. Crum emphasized that the 2023 PFD is expected to infuse nearly $1 billion into the state’s economy, directly benefiting Alaskans.

To qualify for the program, applicants must demonstrate an intention to remain a resident of Alaska indefinitely and must not have a felony conviction, among other stipulations.

Applications for the 2024 Permanent Fund Dividend are currently open until March 31. Prospective applicants can submit their applications either online or through paper forms, ensuring they meet the deadline for consideration in the state program. This annual initiative remains a vital source of financial support for Alaskan residents, reinforcing the state’s commitment to sharing its natural resource wealth with its citizens.