03.10.2014 - Oil wealth dividends distributed to most Alaskans
Most Alaskans will receive $1,884 checks Thursday as this year's share of the state's oil wealth that's distributed annually just for living here. The payout from the Alaska Permanent Fund this year is more than double the amount of the $900 dividends distributed in 2013, but short of the record payout of $2,069 in 2008. The amount of each person's check is based on a five-year average of the fund's investment earnings, which have included the recession years. Alaska wasn't hit as hard by the recession as the Lower 48, but the Permanent Fund Corp. has a diversified portfolio that was clobbered when markets plunged worldwide...............................................Full Article: Source
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