Permanent Fund payout expected to be close to 2014 amount

  • By Associated Press
  • Friday, February 20, 2015 6:15pm
  • News

JUNEAU, Alaska (AP) — 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.

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