The Alaska Permanent Fund has increased by more than 7% in the first six months of its fiscal year, which runs from July to July. The fund is the financial base for Alaska’s Permanent Fund Divided, a small and variable basic income for all Alaska residents. The state of Alaska deposits a small amount of its oil revenue into the fund, which is invested in stocks, bonds, and other assets around the world. Each year, each Alaskan receives a share of the returns to that fund in the form of a cash dividend. Dividends have been declining gradually since the financial crises began to affect dividends in October of 2009. Usually between $1000 and $2000 per person per year, the dividend was only $878 in October of 2012. If this year’s performance continues, the dividend will start going up again in 2013. According to the Alaska Dispatch, the fund rose by 4.6% in the first quarter of the fiscal year and 2.7% in the second quarter for a total of 7.3% this year. That would be a solid increase even if the fund were to stagnate for the rest of the year. The fund is now at an all-time high of $44.6 billion.
For more on the fund’s recent performance, see: “Permanent Fund is off to a roaring start this fiscal year,” Alaska Dispatch, Jan 24, 2013: http://www.alaskadispatch.com/article/permanent-fund-roaring-start-fiscal-year