Dividend checks boost retail sales

Posted: Tuesday, October 13, 2009

ANCHORAGE - Anchorage stores reported a busy weekend.

Many residents received their Alaska Permanent Fund dividend on Thursday, and lots of shops held weekend sales in hopes of getting a pre-holiday lift.

Shoppers parting with money this weekend said the stores would get some of their $1,305 dividend, but not all of it. Some said the rest would stay in the bank or go toward bills.

Anchorage police caution this is also a busy time for criminals. They warn shoppers that fraud and drug crimes rise when the dividend arrives.

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