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Sovereign Wealth Funds Briefing - Categorized | Financials, Fund Management/Administration

Director: Alaskans likely to get bigger dividends in 2014

Posted on 02 January 2014

Alaskans could see a greater share of the state’s oil wealth when dividends are distributed this year. Permanent Fund Dividend Division director, Dan DeBartolo, tells the Anchorage Daily News that after several years of declining dividends, 2014’s payment “will likely go into the four-figure territory once again.”
The dividend amount is based on the five-year average of the fund’s statutory net income. In 2009, a recession year, the fund posted a $2.5 billion net loss in statutory net income. That helped drive the dividend down in recent years. But it will not affect the 2014 dividend………………………………………..Full Article: Source


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