The Alaska Permanent Fund Dividend (PFD) for 2025 is expected to be $1,000, pending final approval by Governor Mike Dunleavy. The state legislature passed the budget including this amount on May 20, 2025, with the governor having until June 4 to sign or veto it. If no action is taken, the payment becomes law automatically.
Why the $1,000 PFD?
Governor Dunleavy initially proposed a much higher payment of $3,900 based on a decade-old formula. However, concerns about a $450 million budget deficit led lawmakers to reduce the amount. The Senate Finance Committee recommended $1,000, while the House had approved $1,400 before both sides compromised on the lower figure to keep state finances balanced.
Recent PFD Amounts and Payment Timeline
In recent years, the PFD has varied with the fund’s investment performance and legislative decisions. The 2024 dividend was $1,702, including an energy relief component, while the 2023 payment was $1,312 without any extras. The 2025 payment, if approved, will be the smallest in five years when adjusted for inflation.
Residents who apply electronically and are approved by late September typically receive direct deposit payments in early October. Physical checks are mailed later in the month. The Alaska Department of Revenue is expected to announce the 2025 payment dates soon.
What Happens Next?
Governor Dunleavy has until June 4 to sign or veto the budget. If he takes no action, the $1,000 dividend will automatically become law. The PFD program remains a unique benefit for Alaska residents, distributing a share of oil revenue earnings each year to eligible citizens who have lived in the state for the full prior year.