the republic logo

Official: Payout of Alaska Permanent Fund dividends in 2015 to be close to 2014 amount

bug
Share/Save/Bookmark

JUNEAU, Alaska — The head of the Alaska Permanent Fund Corporation says this year's dividend is expected to be in the same range as last year's payout.

Corporation CEO Mike Burns says the amount is expected to remain about the same for several years.

Eligible Alaskans last year received $1,884 checks. That's more than twice the 2013 payout of $900.

KINY (http://bit.ly/1Atoxzg ) reports the fund regained ground lost last fall, returning 3.2 percent for the second quarter of fiscal year 2015. That brought the year-to-date return to 1.9 percent.

The amount of each person's check is based on a five-year average of the fund's investment earnings, which earlier included the recession years.

On Dec. 31, the fund was valued at nearly $60 billion.


Information from: KINY-AM, http://www.kinyradio.com

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Places:

 

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.