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Parnell Announces 2011 PFD Amount

September 20, 2011|By Chris Klint | KTUU.com

ANCHORAGE, Alaska — Gov. Sean Parnell announced the amount of the 2011 Alaska Permanent Fund Dividend at the Atwood Building in Downtown Anchorage Tuesday, which will be paid to eligible recipients starting Oct. 6: $1,174.

The amount represented a drop from 2010’s $1,281 dividend, which was just below the $1,305 each eligible Alaskan received in 2009. Dividends are based on an average of the Alaska Permanent Fund’s performance over the previous five years, and change as older years are pushed out of those averaged.

For the record, Channel 2’s prediction for 2011 was $1,203.45 -- a projection similar to those made by businesses like car dealers and furniture stores, which have been offering PFD specials for months in advance of Tuesday’s announcement.

While some people are planning to use their PFDs for big-ticket purchases or travel, many others use their dividends to cover key household expenses during the year, especially in rural Alaska.

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Some 3.4 percent of PFD recipients this year have pledged some or all of their dividends -- a total of more than $1.6 million -- to charities through the “Pick. Click. Give.” program. That number’s up from last year’s participation rate of 2 percent, with recipients pledging $927,000 through the program.

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