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First Alaska dividends expected to go out week of Oct. 11

Gov. Mike Dunleavy, center, delivers his State of the State speech to a Joint Session of the Alaska Legislature as Senate President Cathy Giessel, R-Anchorage, left, and Speaker of the House Bryce Edgmon, D-Dillingham, watch from the front of the House chambers at the Alaska State Capitol in Juneau, Alaska, Monday, Jan. 27, 2020. (AP Photo/Michael Penn)

JUNEAU, Alaska (AP) — Officials are aiming to make the first wave of dividend payments to Alaska residents the week of Oct. 11, a Department of Revenue spokesperson said.

Genevieve Wojtusik, the department’s legislative liaison, in an email Wednesday said the first wave would include those who filed for dividends electronically. She said the second mass payments, which would include those who filed paper applications, would go out about two weeks later.

The Legislature last week approved $730.5 million for dividends this year of about $1,100 and for administrative and other related costs. Wojtusik said the final check amount is being calculated and is expected to be announced by Oct. 1.

Dividends typically are paid in the early fall but this year’s payout wasn’t finalized until the third special session of the year, which ended last week.

Lawmakers earlier this year proposed a roughly $1,100 dividend, using money from various sources, but failed to win sufficient support for use of some of the funds. What was left at that time was a dividend estimated to be $525, which Gov. Mike Dunleavy vetoed.

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