Alaskans fill out the Permanent Fund dividend applications in downtown Anchorage in March. In March 2016, the Anchorage, Juneau and Fairbanks PFD information offices have been closed due to the pandemic however Alaskans are able to get an application on paper in the lobby of the buildings. (Rachel Waldholz/Alaska Public Media)

The next Permanent Fund dividend will be $1,312, according to the Alaska Department of Revenue announced on Thursday.

Alaskans who submitted their applications online to receive their dividends via direct deposit are expected to be receiving it by Oct. 5. People who chose an actual check or who filed using a paper form are likely to receive your PFD to be received by Oct. 26.

State officials claim that there are more than 600,000. Alaskans are eligible for the PFD this year.

“The 2023 PFD is the 42nd year that Alaskans have enjoyed their share of Alaska’s natural resources wealth,” Department of Revenue Commissioner Adam Crum said in a statement. “This last year, the department handled more than 8,000 more applications than we did in 2022. In 2023, the PFD will pump more than $1 billion into Alaska’s economy, and directly into the pockets of Alaskans.”

Lawmakers considered a possible $500 increase in dividends if the price of oil remained at an average of $83 per barrel. the increase would be applicable to checks that are issued in 2024.

In the past the qualified Alaskans received a check for $3,284 PFD and an energy relief check for $650.