Dividend payout will be $1,654

MAT-SU — Gov. Sarah Palin has announced the amount Alaska residents will receive as their share of the state’s oil royalty investment fund is $1,654. Dividend checks from the fund are doled out annually to Alaskans who have lived in the state for a full calendar year, and this year that comes to a little more than 600,000 people.

Look in Friday’s print edition of the Mat-Su Valley Frontiersman for more on what local residents plan to do with their dividend money.