On Wednesday morning, Governor Sean Parnell announced the amount of this year’s Permanent Fund Dividend. Around 2,000 people watched the internet stream of the announcement. Anticipation was for a significant increase in the amount of the dividend, since this year excludes 2008 from the five-year rolling average. After a few minutes of good-natured teasing with the media gathered for the announcement, Governor Parnell said that this year’s dividend will be $1,884.
After the cheers died down, Department of Revenue Commissioner Angela Rodell said that she believes the amount represents the third highest payout from the Permanent Fund, which is now valued at over $50 billion dollars.
Payment of this year’s PFD will begin on October 2nd.
