The Alaska Permanent Fund had a good year, even with oil prices diving. And that’s good news for Alaska residents, who get to share in the fund’s profits. Each year the Alaska Permanent Fund pays Alaskan citizens a dividend. This year Gov. Bill Walker announced that the checks will be for $2,072 — an all-time high since the fund was established in the 1970s.
The fund, which invests part of the state’s oil revenue, has done well for its passive investors — Alaskan citizens, that is. Begun with less than a million bucks, the fund now has a value of more than $50 billion. Payments are made October 1.