Residents Get Annual Oil Dividend PaymentsBanks stocked...
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Residents Get Annual Oil Dividend Payments
Banks stocked up on cash and merchants braced for an annual shopping spree to rival Christmas as about 400,000 Alaskans awoke flush with cash.
The Alaska Permanent Fund made its annual direct deposits of dividends from the state’s oil investment account into the bank accounts of eligible Alaskans.
This year, 406,682 Alaskans received their $1,850.28 dividend by direct deposit, injecting more than $752 million into consumer accounts in a single day. An additional estimated 190,000 eligible residents will begin receiving their checks after next week.
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