2012 Permanent Fund Dividend Amount Announced; Alaskans React
To see Alaskans reactions to this year's PFD announcement, click the video at left.
ALASKA - Tuesday morning, Alaska's Commissioner of Revenue, Bryan Butcher, announced the amount of the 2012 Permanent Fund Dividend checks. This year the checks will be $878 per qualifying Alaskan out of more than $567 million total in payouts. The money will begin to be disbursed via direct deposit on October 4, with checks being mailed from Juneau the same day.
This is the lowest PFD amount since 2005, when checks were $845.76. Last year's PFD amount was $1,174.
This is the 31st year the PFD has been distributed; checks were first distributed in 1982, which were $1,000. To date, over $20.1 billion has been distributed. If you've received every dividend since 1982, the total amount you've gotten is $34,243.41.
This was a record year for the Pick. Click. Give. program, where dividend recipients can choose to donate part of their dividend online to 413 charitable and nonprofit organizations. More than 23,000 Alaskans contributed to more than 37,000 organizations using Pick. Click. Give. for a total of over $2.2 million.