by Anchorage, AK – Thousands of Alaskans are set to receive a one-time $1,702 stimulus payment as part of the 2025 Permanent Fund Dividend (PFD). The state of Alaska will make its second round of disbursements on October 23, 2025, continuing its long-standing wealth-sharing program funded by petroleum revenues.
This payment comes amid ongoing economic challenges for many families and represents a significant financial boost for eligible residents across the state.
Understanding the 2025 Permanent Fund Dividend Disbursement
The state will distribute the PFD payments in two phases. The first payment was completed on October 2, 2025, targeting those who applied online and opted for direct deposit. The upcoming payment on October 23 will go to applicants who either submitted their applications in paper form or chose to receive their dividends via physical check.
To qualify for this disbursement, applicants must have their application marked as “Eligible-Not Paid” by October 13, 2025. Any applications meeting this status after that date will be processed in succeeding monthly payment cycles.
Key Eligibility Requirements for the $1,702 Dividend
Applicants must meet specific criteria to qualify for the dividend payment. These include:
- Residency: Full residence in Alaska for the entire 2024 calendar year.
- Intent to Remain: The applicant must intend to continue living in Alaska indefinitely at the application time.
- Exclusive Residency: No residence claims or benefits from another state or country post-December 31, 2023.
- Criminal History: No felony convictions or incarcerations in 2024. Misdemeanor incarcerations also disqualify applicants with prior criminal records.
- Absences: Any absence from Alaska exceeding 180 days must be legally excused.
- Physical Presence: The applicant must have been physically present in Alaska for at least 72 consecutive hours at some point during 2023 or 2024.
The Impact and Importance of the PFD Program
Approximately 600,000 Alaskans typically benefit from the Permanent Fund Dividend each year, making it an essential financial supplement for thousands of families. Funded through the Alaska Permanent Fund, which leverages income primarily generated by petroleum resources, the PFD embodies a unique model of wealth-sharing from state resources.
Read Also: IRS to Disburse Nearly $3,000 Refunds Next Week: What Taxpayers Need to Know
State authorities continue to recommend online applications with direct deposit as the fastest payment method. For those who missed the October 13 deadline, monthly disbursements will follow based on when applications reach the eligible status.
For further details or to check application status, residents can visit here.
“This payment not only helps alleviate financial stress for many families, but it also highlights Alaska’s commitment to sharing its resource wealth with its residents,” noted an economic expert familiar with the program.
What’s Next for Applicants?
Applicants who did not meet the October 13 deadline will still receive their dividend in subsequent monthly payments. For instance, those with applications reaching eligible status by November 12 will receive payments on November 20.
Have Your Say
With this pivotal economic boost on the horizon, what do you think about Alaska’s Permanent Fund Dividend program? Share your thoughts and experiences in the comments below!
