Alaskans receive yearly oil wealth payment

ANCHORAGE, Alaska -- The day Alaskans highly anticipate has arrived with the distribution of dividend checks from the state's oil savings account.

This year's $878 dividend from the Alaska Permanent Fund will be directly deposited Thursday into the bank accounts of eligible residents who choose that route. Others will get their dividend checks mailed Thursday.

To qualify for the dividends awarded to Alaskans just for living here, resident must live in the state a full calendar year. This time around, that's nearly 647,000 people.

This year's dividend is the lowest since 2005 and the ninth-lowest in the program that began three decades ago.