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Parnell announces PFD amount

Posted: September 20, 2011 - 11:27am

By PAT FORGEY

JUNEAU EMPIRE

This year’s Alaska Permanent Fund Dividend will be $1,174, Gov. Sean Parnell announced this morning.

That’s down a bit from last year’s $1,281, as some stock market losses began to be averaged into the five-year dividend calculation formula.

This year’s payments will go out on Oct. 6.

The annual dividends, provided by earnings on the state’s oil wealth savings account, this year will pump about $858 million into the state’s economy.

At the dividend announcement at an Anchorage press conference, Parnell said his family would be spending their dividends on college.

“With one daughter in college and one on the way to college we’re going to be investing in education with ours,” Parnell said.

 

 

 

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