| From the Mendenhall Glacier in Juneau to Prudhoe Bay above the Arctic Circle, Alaskans by the thousands will soon tear open crisp white envelopes containing the dividend checks they receive each year from the Alaska Department of Revenue Permanent Fund Dividend Division, which doles out money from the state's $52.8 billion sovereign wealth fund.
They may be happily surprised. Despite the 60 percent drop in crude prices since June 2014, each oil-fueled check should top $2,000, by our estimates. That's up from the $1,884 each of Alaska's approved recipients got last year and just may be the highest total since the fund began paying such dividends in 1982. With oil near its lowest price since the 2008-09 financial crisis, the payout is testimony to discipline - and to the power of diversification...............................................Full Article: Source
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