EPF’s 2018 dividends slightly lower than 2017

The Employees Provident Fund (EPF) has declared a dividend rate of 6.15 per cent for Simpanan Konvensional 2018. — file pic
The Employees Provident Fund (EPF) has declared a dividend rate of 6.15 per cent for Simpanan Konvensional 2018. — file pic

, Feb 16 — The Employees Provident Fund (EPF) has declared a dividend rate of 6.15 per cent for Simpanan Konvensional 2018, with payout amounting to RM43 billion and 5.9 per cent for Simpanan Shariah 2018, with a payout amounting to RM4.32 billion.

In total, the payout for 2018 amounts to RM47.31 billion, a marginal decrease of 1.7 per cent from 2017.

“With a real dividend of 3.93 per cent for Simpanan Konvensional and 3.68 per cent for Simpanan Shariah on a rolling three-year basis respectively, the EPF has exceeded its mandate of delivering a dividend of at least 2.5 per cent on a yearly basis and at least 2 per cent real dividend on a rolling three-year basis,” the EPF said in a statement today. — Bernama

Source: The Malay Mail Online







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