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Permanent Fund Dividend Lowest Since 2005
(ANCHORAGE, AK) - It's the question on everybody's mind, how much is the Permanent Fund Dividend?
Officials announced the 2012 dividend at $878. That's significantly less than last year's amount of $1,174, and it's the lowest since 2005. But earlier this year, some were bracing for a lower PFD when the Permanent Fund Corp. said Alaskans could expect less money.
The total amount of money disbursed will be a little over $567 million.
Officials said the oldest applicant was 107 years-old, and the youngest was minutes before the qualification deadline on December 31 of last year.
"515,000 dividends are estimated to be deposited the morning of October 4th, with 85,000 Permanent Fund Dividends rolling out in check form or being or being rolled out that same day in Juneau," said Alaska Revenue Commissioner Bryan Butcher.
The Permanent Fund Dividend began in 1982, and residents that began receiving checks since the first year have gotten a total of over $34,000.