Each of Alaska's permanent residents will receive $952.63 in the state's annual cash giveaway, the Department of Revenue said Monday in the state's most eagerly-awaited announcement.

The Alaska share-the-oil-wealth program will distribute a grand total of $482,518,607.06 to some half-million permanent residents of Alaska, said Ervin Jones, director of the Division of Permanent Fund Dividends.Every man, woman and child who qualifies as a permanent resident will get a check. A family of four can expect checks totaling $3,810.52.