Stimulus update: Direct payment worth $1,312 from Alaska fund being sent in five days

The Alaska Department of Revenue is slated to send another batch of one-time direct payments from the Permanent Fund Dividend to residents who have yet to receive their checks from the yearly program.

The next disbursement of payments to eligible Alaska residents is set to be delivered on Dec. 14, with the payments for 2023 being worth $1,312 per resident, according to state officials.

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Residents can apply for the payments from Jan. 1 to March 31 of each year for the annual payment. An applicant must be an Alaska resident who intends to remain a state resident indefinitely and is not a convicted felon to qualify for the payment.

The disbursement being sent out in the coming days will go to residents who had the “Eligible-Not Paid” status on Dec. 6 and have yet to receive their 2023 or earlier payments from the state program. Two large swaths of eligible Alaskans already received their checks for this year during the first two mass disbursements on Oct. 5 and Oct. 18, with a subsequent round of payments being sent to another batch of remaining eligible residents in November.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth,” Alaska Department of Revenue Commissioner Adam Crum said in a statement. “I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications.

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“This year, we processed over 8,000 more applications than in 2022. The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans,” Crum continued.

The Permanent Fund Dividend amount is determined each year by mineral revenues for the state that year. State officials say the program is meant “to benefit current and future generations.”