Alaska to pay residents smallest oil trust dividend since 2005

More background and information at link – via  Reuters.

Alaska will pay nearly every one of its residents $878 next month as an annual dividend from the state’s oil-wealth trust fund, the lowest yearly amount since 2005, state officials said on Tuesday.

The reduced payout, announced by state Revenue Commissioner Bryan Butcher in Anchorage, reflects stock-market losses in recent years, as the dividend is calculated using a five-year weighted average of investment earnings.