2010 Permanent Fund Dividend
September 21, 2010
(SitNews) - Alaska Governor Sean Parnell announced this morning
that 641,595 eligible Alaskans will receive a 2010 Permanent
Fund Dividend in the amount of $1,281.
According to the Department of Revenue, 668,000 Alaskans applied
for the 2010 dividend, an increase of 1.65 percent over 2009
The first dividends will be paid on October 7, when more than
530,000 applicants will get a direct deposit into their bank
accounts, and when about 85,000 will be mailed a check.
This is the first year paper checks will be mailed simultaneously
with direct deposits. Actual delivery dates will vary by applicant
More than $700 million will be directly deposited into Alaskans'
bank accounts, with a total distribution, including checks, of
$821,880,510.31. Dividends not paid during the initial distribution
will be paid monthly by check and direct deposit beginning October
This is the first year the department will offer the 1099-MISC
income statement electronically. About 320,000 Alaskans chose
the e1099 this year. An explanation of how to obtain the e1099
will be emailed during the week of September 26.
This year's dividend is the 29th annual distribution under the
program, for a total of $32,194.59 for Alaskans who have received
all of them. That does not include the $1,200 Alaska Resource
Rebate distributed in 2008 on top of the PFD. With the 2010 dividend
payment, the total funds disbursed to Alaskans since inception
of the dividend program, including the Resource Rebate, will
be about $18.2 billion.
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