Another batch of one-time payments from the 2023 Permanent Fund Dividend is being sent from the state of Alaska to eligible state residents in only seven days.

The state has already sent out the annual payment to two large batches of eligible residents during the first two disbursements, on Oct. 5 and Oct. 18. The next round of payments is set to be sent out on Nov. 16. The payments are worth $1,312 per resident for 2023.

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People who will receive their payment on Nov. 16 include those who have the "Eligible-Not Paid" status on Wednesday and have yet to receive their 2023, or earlier, payment from the state program.

To qualify for the program, an applicant must be an Alaskan 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 may apply for the state program from Jan. 1 to March 31 each year.

“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 read. "The 2023 PFD will inject nearly $1 billion into the state’s economy and directly into the hands of Alaskans."

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