The 2013 PFD (Permanent Fund Dividend) amount is $900.00 and those 2013 (and prior years) dividend applications that are in "Eligible-Not Paid" status on September 20, 2013 will be distributed October 3, 2013 while those 2013 (and prior years) dividend applications that are in "Eligible-Not Paid" status on October 18, 2013 will be distributed October 24, 2013.
The Alaska Permanent Fund started in 1976 by an amendment to the Alaska state constitution and originates from surplus revenues increased from the development of Alaska's oil and gas reserves. The fund pays a yearly dividend to all Alaska residents who meet eligibility requirements.
The dividend program has produced a broad and powerful constituency for the Fund by annually issuing to every qualified applicant a portion of the Fund’s earnings. The dividend program paid out about $17.5 billion to Alaskans through the yearly distribution of dividend checks from 1982 through 2009. This program has a major effect on the state’s economy. Dividends signify an important source of income for some Alaskans, mainly those in rural Alaska.
Just in time for PFD checks, Alaska Airlines sent a note to its Club 49 subscribers touting its annual Permanent Fund dividend deals, they are offering discounted rates from Kodiak, Barrow, Nome, Cordova, Wrangell and others, and travelers only have until Oct. 29 to book the deals. Find out more at Alaska Dispatch.