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Permanent Fund Dividend Announcement Coming Wednesday

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Eligible Alaskans will find out how much they'll receive from their Permanent Fund Dividend in a Wednesday announcement scheduled to take place at 11 a.m.

The announcement will be made by acting Revenue Commissioner Angela Rodell at the Atwood Building in downtown Anchorage.

The disbursement reflects investment profits from the state's oil-wealth savings account. It is based on the amount of investment earnings allocated to dividends based on a five-year rolling average of the Permanent Fund's performance.

Channel 2's Corey Allen-Young speculated the dividend may total $931.51, which was based on a number of factors he noted.

Jamie Love, a former member of the state Investment Advisory Committee when the Permanent Fund was created in 1976, talked with Channel 2's Ausin Baird about the state of the fund. Love believes the PFD has been a "mixed blessing."

More than 610,000 people received a $878 permanent fund dividend in 2012.

The dividend's average will be the last to include 2009, when the fund posted a $2.5 billion loss in statutory net income.

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