Alaskans Are Getting Their Smallest Oil Dividend In Years

[xchrom]

http://www.businessinsider.com/alaska-oil-dividend-2012-9

?maxX=400&maxY=300

Alaska's Permanent Fund, which gives a cut of state royalties from North Slope oil fields to each resident, will pay out the smallest dividend since 2005, Reuters' Yereth Rosen reports.
Alaskans will receive $878, down from $1,174 last year and only slightly more than the $845.76 paid out seven years ago. The highest dividend paid was in 2008, when the state paid $2,069, Rosen says.
The reduced amount reflects stock market losses in recent years, he writes. The dividend is calculated using a five-year weighted average of investment.


Read more: http://www.businessinsider.com/alaska-oil-dividend-2012-9#ixzz27tBpKWPJ

[Turbineguy]

1. That should make the teabaggers happy.

Government payouts? Why that's SOCIALISM!