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EPF declares 5.5% dividend for conventional savings

Body records total investment income of RM66.99 billion for FY2023, 29% increase from 2022.

Updated 2 years ago · Published on 03 Mar 2024 12:17PM

EPF declares 5.5% dividend for conventional savings
The Employees Provident Fund (EPF) has announced a dividend rate of 5.5% for conventional savings, with a total payout of RM50.33 billion. – The Vibes file pic, March 3, 2024.

THE Employees Provident Fund (EPF) has announced a dividend rate of 5.5% for conventional savings, with a total payout of RM50.33 billion.

The EPF also declared a 5.4% dividend for shariah savings, with a total payout of RM7.48 billion, bringing the total payout for 2023 to RM57.81 billion.

For financial year ended December 31, 2023, (FY2023), the retirement savings fund recorded a total investment income of RM66.99 billion, a 29% increase from RM51.91 billion in 2022.

“Out of the RM66.99 billion in total investment income, RM5.72 billion were generated from mark-to-market (MTM) gains of securities that have not been realised and will not be part of the dividend distribution.

“It has been the EPF’s prudent practice of paying dividends only out of realised income,” it said in a statement today. – Bernama, March 3, 2024

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