Alaska to distribute $1,702 payments starting July 17 to eligible residents
TOI World Desk | TIMESOFINDIA.COM | Jul 12, 2025, 00:46 IST
( Image credit : TIL Creatives )
Highlight of the story: Alaskan residents will receive $1,702 payments starting July 17, 2025, as part of the state's Permanent Fund Dividend program. This year's payout includes a base dividend and an energy relief bonus to help with rising energy costs. Approximately 600,000 Alaskans will benefit from this initiative, which shares oil revenue earnings directly with eligible residents.
Alaska residents are set to receive a welcome financial boost as the state prepares to distribute $1,702 payments beginning July 17, 2025. This payout is part of Alaska’s well-known Permanent Fund Dividend (PFD) program, which shares oil revenue earnings directly with eligible residents each year.
The payment amount reflects a significant increase from last year, rising by 30 percent from the $1,312 distributed in 2023. This year’s total includes a base dividend of $1,440 alongside a $262 energy relief bonus. The bonus was introduced to help residents cope with rising energy costs amid elevated oil prices.
Established in 1976, the Alaska Permanent Fund was created to share the state’s oil wealth with its citizens. Since the early 1980s, the earnings from this fund have been distributed annually through the PFD program. Each year, the dividend amount fluctuates based on factors like oil market prices and the fund’s investment returns.
To qualify for this year’s payment, applicants needed to meet several requirements, including continuous residency in Alaska for the entire 2023 calendar year, no claims of residency in other states or countries, and no disqualifying felony or certain misdemeanor convictions during the eligibility period. Residents also must not have been absent from Alaska for more than 180 days during 2023, with some exceptions. The application deadline for the 2024 dividend closed on March 31, 2025.
Approximately 600,000 Alaskans typically receive the dividend annually. Many use the funds to cover basic living expenses or heating costs during Alaska’s notoriously long and harsh winters. The PFD remains one of the few recurring direct cash support programs in the United States, especially notable since the end of federal pandemic stimulus checks.
Residents can check the status of their payments by visiting pfd.alaska.gov and logging in through the MyAlaska portal.
Alaska’s Permanent Fund Dividend stands out as a unique model of wealth sharing, providing a reliable financial benefit tied directly to the state’s natural resources. While some local initiatives in other states offer targeted guaranteed income or stimulus payments, none match the statewide reach or longevity of Alaska’s program.
With payments starting soon, Alaskans have reason to look forward to this timely economic relief that helps ease the financial burdens of daily life, especially during periods of high energy costs.
The payment amount reflects a significant increase from last year, rising by 30 percent from the $1,312 distributed in 2023. This year’s total includes a base dividend of $1,440 alongside a $262 energy relief bonus. The bonus was introduced to help residents cope with rising energy costs amid elevated oil prices.
Established in 1976, the Alaska Permanent Fund was created to share the state’s oil wealth with its citizens. Since the early 1980s, the earnings from this fund have been distributed annually through the PFD program. Each year, the dividend amount fluctuates based on factors like oil market prices and the fund’s investment returns.
To qualify for this year’s payment, applicants needed to meet several requirements, including continuous residency in Alaska for the entire 2023 calendar year, no claims of residency in other states or countries, and no disqualifying felony or certain misdemeanor convictions during the eligibility period. Residents also must not have been absent from Alaska for more than 180 days during 2023, with some exceptions. The application deadline for the 2024 dividend closed on March 31, 2025.
Approximately 600,000 Alaskans typically receive the dividend annually. Many use the funds to cover basic living expenses or heating costs during Alaska’s notoriously long and harsh winters. The PFD remains one of the few recurring direct cash support programs in the United States, especially notable since the end of federal pandemic stimulus checks.
Residents can check the status of their payments by visiting pfd.alaska.gov and logging in through the MyAlaska portal.
Alaska’s Permanent Fund Dividend stands out as a unique model of wealth sharing, providing a reliable financial benefit tied directly to the state’s natural resources. While some local initiatives in other states offer targeted guaranteed income or stimulus payments, none match the statewide reach or longevity of Alaska’s program.
With payments starting soon, Alaskans have reason to look forward to this timely economic relief that helps ease the financial burdens of daily life, especially during periods of high energy costs.