Signs advertise Permanent Fund Dividend sales in front of Office Max at the Nugget Mall in the Mendenhall Valley hason Thursday, July 2, 2020. (Peter Segall | Juneau Empire)

Signs advertise Permanent Fund Dividend sales in front of Office Max at the Nugget Mall in the Mendenhall Valley hason Thursday, July 2, 2020. (Peter Segall | Juneau Empire)

Here’s how much money was distributed to Alaskans on an early PFD day

About 90% of eligible Alaskans recieved their dividends.

Nearly $600 million was paid to Alaskans Wednesday as Permanent Fund Dividends were distributed early this year in an effort to bring relief to people struggling economically due to the COVID-19 pandemic.

PFD checks are usually sent out in October but Gov. Mike Dunleavy announced in May payments would be going out early in an effort to bring relief to people struggling economically because of the coronavirus pandemic.

On Wednesday, 596,971 Alaskans received their payments, according to Genevieve Wojtusik, legislative liaison for the Department of Revenue, totaling $592,360,237.82.

[Permanent Fund Corporation CEO says virus-affected markets offer opportunity ]

She said 90% of eligible Alaskans received their payments, and of that group just under 90% were paid electronically.

This year’s dividend was $992. It’s the smallest dividend since $900 in 2013, according to the Department of Revenue. Last year’s dividend was $1,606, according to DOR.

The Alaska Permanent Fund, from which the dividend is paid, makes most of its money through investments was hit hard along with the rest of the world’s economy when countries began enforcing lockdowns and quarantines.

Before the pandemic, the Fund had roughly $67.9 billion but as of May 31, the latest date reported by the Alaska Permanent Fund Corporation, the Fund was worth $63.7 billion.

The state is able to draw a limited amount funds for state services each year from a portion of the fund called the Earnings Reserve Account, which according to the APFC is worth $17.6 billion.

• Contact reporter Peter Segall at psegall@juneauempire.com. Follow him on Twitter at @SegallJnoEmpire.

More in News

In this July 13, 2007, file photo, workers with the Pebble Mine project test drill in the Bristol Bay region of Alaska, near the village of Iliamma. (AP Photo / Al Grillo)
Pebble developer files appeal with Army Corps

The Army Corps of Engineers rejected Pebble Limited Partnership’s application in November.

This August 2019 photos shows a redline at Treadwell Arena designed by Tsimshian artist Abel Ryan. The arena is adding new weekly events to its schedule, City and Borough of Juneau announced. (Michael Penn / Juneau Empire File)
Treadwell Arena adds new weekly events

Hockey and open skate are on the schedule.

This 2020 electron microscope image provided by the National Institute of Allergy and Infectious Diseases - Rocky Mountain Laboratories shows SARS-CoV-2 virus particles which causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in a lab. On Monday, Oct. 5, 2020, the top U.S. public health agency said that coronavirus can spread greater distances through the air than 6 feet, particularly in poorly ventilated and enclosed spaces. But agency officials continued to say such spread is uncommon, and current social distancing guidelines still make sense. (NIAID-RML via AP)
COVID at a glance for Friday, Jan. 22

The most recent state and local numbers.

A Coast Guard Station Juneau 45-foot Response Boat-Medium patrols Auke Bay during an exercise in 2018. A response boat similar to the one in the photo was struck by a laser near Ketchikan on Saturday, Jan. 17, prompting an investigation into the crime. (Lt. Brian Dykens / U.S. Coast Guard)
Coast Guard wants information after laser pointed at boat

“Laser strikes jeopardize the safety of our boat crews…”

Has it always been a police car? (Michael Penn / Juneau Empire)
Police calls for Sunday, Jan. 24, 2021

This report contains public information from law enforcement and public safety agencies.

This 2020 electron microscope image provided by the National Institute of Allergy and Infectious Diseases - Rocky Mountain Laboratories shows SARS-CoV-2 virus particles which causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in a lab. On Monday, Oct. 5, 2020, the top U.S. public health agency said that coronavirus can spread greater distances through the air than 6 feet, particularly in poorly ventilated and enclosed spaces. But agency officials continued to say such spread is uncommon, and current social distancing guidelines still make sense. (NIAID-RML via AP)
COVID at a glance for Thursday, Jan. 21

The most recent state and local numbers.

Gov. Mike Dunleavy addresses the public during a virtual town hall on Sept. 15, 2020 in Alaska. ( Courtesy Photo / Austin McDaniel, Office of the Governor)
Dunleavy pitches dividend change amid legislative splits

No clear direction has emerged from lawmakers.

Joar Leifseth Ulsom, right, wearing a bib with ExxonMobil lettering on it, congratulates Peter Kaiser on his win in the Iditarod Trail Sled Dog Race in Nome, Alaska. The world’s most famous sled dog race has lost another major sponsor as the Iditarod prepares for a scaled-back version of this year’s race because of the pandemic, officials said Thursday, Jan. 21, 2021. ExxonMobil confirmed to The Associated Press that the oil giant will drop its sponsorship of the race. (Marc Lester / Anchorage Daily News)
ExxonMobil becomes latest sponsor to sever Iditarod ties

The world’s most famous sled dog race has lost another major sponsor.

Has it always been a police car? (Michael Penn / Juneau Empire)
Police calls for Friday, Jan. 22, 2021

This report contains public information from law enforcement and public safety agencies.

Most Read