This year's permanent fund dividend to be announced Sept. 24

Posted: Friday, September 05, 2003

The Alaska Permanent Fund Corp. will announce the amount of the 2003 dividend at its annual meeting Sept. 24.

The meeting will be at the Anchorage Marriott Hotel.

Paul Dick of the state Department of Revenue said direct deposit of dividends is scheduled for Oct. 8.

Checks sent by mail will be printed beginning Oct. 15. The goal is to have them all out by the end of October, Dick said.

Checks are expected to be several hundred dollars smaller than the $1,540.76 residents received last year. Corporation officials predicted earlier this summer that it could go down to around $1,100.

The number of applicants affects the size of checks. The corporation received about 617,000 applications this year, up about 5,000 from last year.

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