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Director: Bigger dividends likely in 2014
Alaskans could see a greater share of the state's oil wealth when dividends are distributed this year.
ANCHORAGE- Alaskans could see a greater share of the state's oil wealth when dividends are distributed this year.
Permanent Fund Dividend Division director, Dan DeBartolo, says that after several years of declining dividends, 2014's payment "will likely go into the four-figure territory once again."
The dividend amount is based on the five-year average of the fund's statutory net income. In 2009, a recession year, the fund posted a $2.5 billion net loss in statutory net income. That helped drive the dividend down in recent years. But it will not affect the 2014 dividend.
Dividends fell from over $2,000 for each recipient in 2008 to less than $900 in 2012; last year's payment was $900.
The money comes from investment profits from the state's oil-wealth savings account.