Free Republic

The vast majority of Alaskans will be $2,072 richer when they receive their Permanent Fund dividend checks from the state next month, an amount unveiled at an event hosted by Gov. Bill Walker Monday.

The Alaska Permanent Fund, established using revenues paid to the state by oil and natural gas producers, provides Alaska residents with an annual cash dividend, which is unique among natural resource permanent funds in the United States. In 2014, the annual dividend was $1,884 per resident, more than double the 2013 dividend and the highest since 2008. All Alaska residents receive an annual cash dividend from the permanent fund. The fund was established by voters in 1976, as the extent of Alaska's oil and natural gas resources began to emerge, and retains at least 25% of the royalties that oil...

Department of Revenue Commissioner Bill Corbus has announced the amount of the 2005 Permanent Fund Dividend. This year's check will be for $845.76. That's down from last year's total of $919.84. Direct deposits will be made on October 12, and paper checks will be mailed on October 26.

ANCHORAGE, Alaska (Reuters) - Next month nearly everyone living in Alaska will receive a payment of $919.84, thanks to dividends from a $27.4 billion trust fund set up with some of the state's oil wealth.