Good news, Alaska residents: a beefed‑up 2024 Permanent Fund Dividend is on the way, and it is worth roughly $1,702 per person. Payments will arrive in three mid‑summer batches, giving many households an extra boost just as utility bills peak. The program’s value has jumped about 30 percent over last year’s figure. So who gets paid, and when?
In order to access these Alaska benefits, residents must be eligible, and to do so, state authorities state that applicants must meet five basic requirements:
• live in Alaska for the entire 2023 calendar year
• intend to stay indefinitely
• be physically present in the state for at least 72 consecutive hours in the past two years
• file the online or paper application by March 31, 2024
• avoid disqualifying felony convictions in 2024
Anyone already approved should keep an eye on the myPFD portal for the status “Eligible – Not Paid.” Once that tag shows up, a deposit is only days away.
Detailed payment calendar shows exactly when each eligible Alaskan will receive the $1,702 direct deposit
The Department of Revenue has carved recipients into three groups:
| Group | Status must read Eligible – Not Paid on | Direct‑deposit date | Amount |
|---|---|---|---|
| 1 | June 11, 2025 | June 18, 2025 | $1,702 |
| 2 | July 9, 2025 | July 17, 2025 | $1,702 |
| 3 | August 13, 2025 | August 21, 2025 | $1,702 |
Can’t find your group yet? Check back each week—once your status flips, your spot in the payout line is locked. This is the breakdown of the dividend amount and the extraordinary energy bonus included in this year’s check. The payment combines two pieces:
- $1,403.83 — your slice of Permanent Fund earnings
- $298.17 — an energy supplement meant to offset rising heating costs
At 600,000 beneficiaries strong, the payout should pump millions into local shops from Barrow to Ketchikan. Wondering how it stacks up historically? It tops last year’s $1,312 but trails the record $3,284 sent in 2022.
Why the four‑decade‑old PFD still matters for families and local economies statewide
Born in 1982, the PFD transforms oil revenue into household support. For rural families it can underwrite winter fuel, while for students it often knocks out a semester’s tuition. However, residents failing identity, residency, or felony checks will sit this round out.
Verify your bank information, monitor that portal status, and budget around your payment date. Curious about 2025’s dividend size? Lawmakers will finalize it once next year’s oil earnings are tallied—stay tuned.
Payment amounts, dates, and eligibility requirements come from the Alaska Department of Revenue and may change. Always consult the official site before making financial decisions.