This year's payout to most Alaskans from the state's oil–wealth account isn't expected to be much, but it's still free money just for living in the state.
Acting Revenue Commissioner Angela Rodell will be announcing the 2013 Permanent Fund Dividend amount this morning at 11:00 AM.
Whatever the amount announced today, the dividends are likely to go (as per tradition) toward new toys, fun trips, college savings or paying off bills.
The announcement is an eagerly anticipated event that takes place with much fanfare in Anchorage.
The dividends are distributed annually to people who have lived in Alaska for at least one calendar year.
The amount is based on a five–year rolling average of the $47 billion Alaska Permanent Fund's investment earnings.
This year's average includes 2009, a recession year when the fund posted a $2.5 billion net loss in statutory net income.
Last year's dividend was $878 per person, the lowest since 2005.