PFD for 2012: $878
Revenue Commissioner Bryan Butcher today announced that an estimated 646,805 eligible Alaskans would receive a 2012 Permanent Fund Dividend in the amount of $878. According to the Department of Revenue, 677,733 applied for the 2012 dividend, an increase of approximately 1,500 applications compared to 2011.
The first dividends will be paid on Oct. 4 when approximately 515,000 applicants will receive a direct deposit into their bank account, and 85,000 will be mailed a check. Those who chose paper check delivery would have it enter into the mail stream on Oct. 4 in Juneau. The actual delivery date will vary by applicant location.
More than $470 million will be directly deposited into Alaskans’ bank accounts this year, with a total distribution, including checks, of $567,338,304.39. Beginning Oct. 25, and continuing monthly thereafter, applications that become eligible will be paid by either check or direct deposit.
This year marks the 31st dividend paid to Alaskans. The total potential distribution of Permanent Fund Dividends to date is $34,243.41 per person, which does not include the $1,200 Alaska Resource Rebate distributed in 2008. Following the 2012 dividend payment, the total funds disbursed to Alaskans by the division, including the Resource Rebate, since inception of the dividend program will total approximately $20.1 billion.