Monday is the last day Alaskans can apply for the 2025 Permanent Fund dividend
Online filers have until 11:59 p.m. Alaska time on Monday to turn in their application, while mailed applications need to be postmarked no later than March 31. Additional information and a link to the online application is available at pfd.alaska.gov.
Monday is Seward's Day, a state holiday. PFD division offices will be open to the public to collect applications between 9 a.m. and 4 p.m.
The approximate size of this year's dividend likely won't be known until the end of the legislative session in May as state lawmakers craft a budget.
Eligibility requirements for the annual dividend include having resided in Alaska during all of the previous calendar year, not being convicted of or incarcerated for a felony, and not traveling out of the state for more than 180 days, except for certain allowable absences.
By Friday morning, more than 564,000 Alaskans had already applied for the dividend, according to the Alaska Department of Revenue. Last year, the state paid out dividends to 624,489 eligible Alaskans at a cost of more than $1 billion.
Since 2017, the size of Permanent Fund dividend has been determined through an annual debate in the Alaska Legislature. The amount hasn't followed the dividend formula set in state statute since 2016, with a growing portion of Permanent Fund earnings used to pay for state services amid dwindling oil revenue.
chart visualization
The exact dollar amount of the payment, which depends on the number of Alaskans who file for the check, is typically announced in September. Last year's payment included a $1,403.83 dividend and a $298.17 energy relief check for every eligible Alaskan, for a combined $1,702. An energy relief check is not expected this year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
19 hours ago
- Business Wire
PFD, PFO, FFC, FLC and DFP Announce Dividends for August, September and October
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have declared per share dividends for August, September and October 2025. These announcements are detailed below: Each fund's fiscal year ends on November 30, 2025. The tax breakdown of all 2025 distributions will be available early in 2026. Website: Past performance is not indicative of future performance. An investor should consider the fund's investment objective, risks, charges and expenses carefully before investing. To the extent any portion of the distribution is estimated to be sourced from something other than income, such as return of capital, the source would be disclosed on a Section 19(a)-1 letter located under the 'SEC Filings and News' section of the funds' website. The actual amounts and sources of the amounts for tax reporting purposes will depend upon a fund's investment performance during the remainder of its fiscal year and may be subject to change based on tax regulations. A distribution rate that is largely comprised of sources other than income may not be reflective of a fund's performance. PFD, PFO and FFC invest primarily in preferred and other income-producing securities with an investment objective of high current income consistent with preservation of capital. FLC invests primarily in preferred and other income-producing securities with a primary investment objective of high current income and a secondary objective of capital appreciation. DFP invests primarily in preferred and other income-producing securities with an investment objective of total return, with an emphasis on high current income. PFD, PFO, FFC, FLC and DFP are managed by Flaherty & Crumrine Incorporated, an independent investment adviser which was founded in 1983 to specialize in the management of portfolios of preferred and related income-producing securities.
Business Wire
15-07-2025
- Business Wire
Alaska Communications Accelerates Network Investment With Plans for 100,000 Locations Served With Improved Broadband Service
ANCHORAGE, Alaska--(BUSINESS WIRE)--As part of its ongoing network expansion, Alaska Communications is launching improved broadband service to approximately 100,000 businesses and homes across Anchorage, Fairbanks, Juneau and the Kenai Peninsula. Powered by fiber-fed, next-generation fixed wireless technology, Alaska Communications is expanding broadband access rapidly to meet the needs of businesses and families. With speeds up to 300Mbps download and 100Mbps upload, Alaskans can get the connectivity they need to efficiently run their business, work or learn from home, attend telehealth appointments, stream their favorite programs, connect smart home devices, play online games and more. 'We hear from residents across the state that they want reliable, unlimited internet service. If it matters to Alaskans, it matters to us,' said Paul Fenaroli, President and CEO, Alaska Communications. 'With fixed wireless internet access backed by our state-of-the-art fiber network, we're able to give Alaskans a reliable option for connecting their businesses and homes at affordable rates with local support.' Alaska Communications' new service includes: The speed you need: Up to 300Mbps download and 100Mbps upload. Unlimited data: Like all Alaska Communications services, there are no data caps, throttling or overage fees. Reliability: Advances in technology no longer require a line of sight for a strong signal. Affordable: Competitive pricing at a flat, monthly rate. No extra costs: Free installation and equipment with term agreement. Local support: Installed and supported by Alaskans. Small business solutions: Bundle with our other small business services, which include Microsoft 365, helpdesk support and more. 'For businesses, it opens the door to enhanced productivity, better customer service, improved security and the ability to compete in our digital-first economy,' said Fenaroli. 'For families, this means smoother streaming, faster downloads and more reliable connections for remote work, online learning and everyday use.' North Anchorage available now, midtown and south Anchorage coming soon This high-speed service is available for businesses and residents in the following Anchorage neighborhoods: downtown, Government Hill, Mountain View and Airport Heights. The Anchorage hillside, south Anchorage and midtown Anchorage will be available later this summer. By the end of 2025, 50,000 locations in Anchorage alone will be eligible. 'The Anchorage market is seeing demand for high-speed alternatives to cable internet,' said Fenaroli. 'Competition is good for Alaska and we're excited to build on our more than 120-year history to support Alaskans in new ways.' Other service locations coming soon Alaska Communications plans to improve or expand its fiber-fed fixed wireless network in Fairbanks, Juneau and the Kenai Peninsula starting later this year. How to get connected Business: For business service, fill out a service request form on the Alaska Communications' website. About Alaska Communications Alaska Communications, an affiliate of ATN International, Inc. (NASDAQ: ATNI), is a leading provider of mission and life-critical communications infrastructure in Alaska. The company operates a robust and advanced statewide fiber network and a highly diverse undersea fiber optic system that connects Alaska to the contiguous U.S. For additional information, visit
CNBC
10-07-2025
- CNBC
Alaska is America's worst state for business in 2025 as falling oil prices sink economy
From the first discovery in Prudhoe Bay in 1968, Alaskans have had a love-hate relationship with oil. On one hand, it allowed Alaska to abolish its state income tax, fund most government operations and provide every Alaskan with a dividend that continues to this day. On the other hand, it has left the state at the near total mercy of the global oil market. In recent years, that has proven to be a bad bet. And it is the major reason Alaska finishes at the bottom of the CNBC America's Top States for Business rankings in 2025. With the price of Alaska North Slope crude oil down by double digits from a year ago, according to the Alaska Department of Revenue, Alaska has America's worst economy as measured by the CNBC study. Economy is the heaviest-weighted category under this year's methodology. Alaska's gross domestic product growth is in the bottom ten nationally. The state's economy grew by just 1.5% last year, compared to 2.8% nationally. More crucially, the state's fiscal year 2026 budget is based on a forecast of $68 per barrel for crude oil, and it is unclear if that will hold. Alaska North Slope crude traded as low as $63.49 on May 5 before rebounding above $70 in recent weeks. State forecasters are counting on oil for around 70% of the state's revenue over the next ten years, or nearly half the state's operating budget. And some localities are far more dependent. "When you look at the economic engine by default," North Slope Borough Mayor Josiah Patkotak told CNBC last month, "That happens to be oil and gas by about 98% of our operating budget." For decades, Alaska has sought ways to diversify its economy, but it has had limited success. Proposals have involved alternative energy, agriculture, and the state's tourism sector. In 2023, Gov. Mike Dunleavy, a Republican, signed legislation to put Alaska into the carbon market, using the state's vast public lands for carbon storage, and to generate carbon offset credits for high carbon emitters in other states. But the program is still in the study phase. A report to the legislature in January said the program is not expected to generate any revenue until at least 2027. More recently, the Trump administration is backing a proposal to build a natural gas pipeline alongside the Trans-Alaska oil pipeline, allowing the U.S. to ship liquid natural gas — a byproduct of North Slope oil production — to Asia. The idea has been around for years, but the price tag, estimated at around $40 billion, was impossible for the industry to swallow even when petroleum prices were high. Now, however, administration officials think that trade tensions might change the economics. "There [are] countries around the world looking to shrink their trade deficit with the United States, and of course, a very easy way to do that is to buy more American energy," U.S. Energy Secretary Chris Wright told CNBC's Brian Sullivan in Prudhoe Bay last month. "If you get the commercial offtakers for the gas, financing is pretty straightforward," Wright said. If the project gets off the ground, it could provide a huge boost to Alaska's economy, though it would still be at the mercy of commodity prices. Alaska's struggling economy is a major reason for its poor competitive performance, but it is not the only one. The state ranks No. 49 in Infrastructure. While the state's roads and bridges are in better shape than in many states in the Lower 48, its virtual infrastructure leaves much to be desired. Fewer than 2% of Alaskans have access to affordable broadband service, according to BroadbandNow Research. The data center boom has passed Alaska by thus far, with only four in the entire state. Alaska is a notoriously expensive place to live, especially in the many remote parts of the state. "When you're paying 16 bucks a gallon for milk, we've got to figure out how to make sure that you can afford to buy the milk so you can live here. We've got to make sure you can afford to buy the gas so you can hunt here," said Patkotak. But one aspect of life is a bargain in Alaska. At a time of soaring homeowner premiums, online insurance marketplace Insurify projects Alaska homeowners insurance premiums will average $1,543 this year, the second lowest in the nation. Join the conversation. Didn't see your state mentioned? You can see where it ranked overall, and in all 10 categories of competitiveness, in the full rankings of the 2025 America's Top States for Business.
