Alaskans can expect financial relief this July as the state issues the stimulus-check update, offering $1,702 to eligible residents. This annual payout, known as the Permanent Fund Dividend (PFD), directly results from the state’s successful oil and natural resource management.
The Alaska Permanent Fund was created in 1976 to safeguard oil revenue and distribute a portion to residents. In the following year, Alaska introduced the PFD program to ensure every qualifying resident receives a fair share of the state’s resource-driven wealth.
Today, that vision continues through yearly dividends. For 2025, the PFD Division confirmed that each eligible Alaskan will receive $1,702. This amount reflects the strong performance of the state’s oil fund over the last fiscal year.
Residents have welcomed the news, especially as rising living costs continue to strain household budgets across the state. Officials aim to distribute payments by mid-July, earlier than in previous years.
This accelerated timeline intends to provide timely support to residents as summer expenses build. The Division encourages residents to check their application status and ensure their banking information is current.
Beginning June 16, the PFD Division operates on a modified schedule. The office is open to the public on Mondays, Tuesdays, and Fridays from 10:00 a.m. to 4:00 p.m., and will remain closed on Wednesdays and Thursdays through July 3..
The Division will also be closed on July 4 for the state holiday. Between July 7 and July 18, the PFD Division will pause in-person services to prioritize resolving pending eligibility cases. Residents may still submit documents via mail, email, or fax during this time.
