Permanent Fund Dividend payments of $992 will be sent out beginning July 1, the Alaska Department of Revenue announced Friday.
Alaskans, who are deemed eligible by June 19 and selected direct deposit on their applications, can expect their payments on or shortly after July 1, DOR said in a news release. Beginning July 1, about 580,000 Alaskans, representing nearly 90% of PFD applicants, will receive their dividend by direct deposit or check.
Gov. Mike Dunleavy made the decision in late May to release the PFD early in response to the economic downturn caused by the COVID-19 pandemic. Ordinarily, the checks go out in October.
“This has been a difficult situation for everyone — individual Alaskans have been hurt economically, businesses have been hurt economically. We’re going to do all we can to get that going in the right direction,” Dunleavy said in May. “As a result, we’re going to move up the date for the PFD for Alaskans to July 1.”
The Permanent Fund Dividend Division saw a record number of Alaskans, 92%, sign their application electronically this year, according to DOR.
Alaskans can use the MyPFD website to check the status of their PFD application.
The Alaska Permanent Fund Corporation reported $62,575,700,000 in the state’s account as of April 30.
