Another batch of one-time payments from Alaska from the 2023 Permanent Fund Dividend will be sent to eligible state residents in five days.

Two groups of eligible residents already received their payment in the first two disbursements on Oct. 5 and Oct. 18. Another round is set to be sent out on Nov. 16. The direct payments are worth $1,312 per resident for 2023, per the Alaska Department of Revenue.

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To be eligible for the program, an applicant must be an Alaska resident who intends to remain a state resident indefinitely and not be a convicted felon or claim residency in another state during that year. Residents can apply for the program from Jan. 1 to March 31 each year.

The state will send out payments on Nov. 16 to those with the "Eligible-Not Paid" status on Wednesday and have yet to receive their 2023, or earlier, payment from the Permanent Fund Dividend program.

“The 2023 PFD marks the 42nd year Alaskans have received their share of the state’s natural resource wealth," Alaska Department of Revenue Commissioner Adam Crum said in a statement. "I would like to thank our Permanent Fund Dividend Division for their tireless work year-round in administering the program and processing the applications."

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“This year, we processed over 8,000 more applications than in 2022," the statement said. "The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans."

The Permanent Fund Dividend amount is based on mineral revenues for the state for the year, with Alaska officials saying the program is meant "to benefit current and future generations."