KUALA LUMPUR: The Employees Provident Fund (EPF) today declared a dividend rate of 6.35 per cent for the financial year ending Dec 31 2013, representing the biggest ever dividend payout of RM31.2 billion to its members, up 13.66 per cent over the RM27.45 billion paid in 2012.
In a statement, EPF Chairman Tan Sri Samsudin Osman said thanks to the fund’s robust yet prudent investment strategies, its performance has been consistently stable, especially in the past five years.
“Over the years, we have been diversifying our portfolio, thereby spreading out the scope of our assets to manage market risks and generate consistent returns,” he said.
Samsudin said since the global financial crisis in 2008, EPF has declared compounded dividends of more than RM120 billion for its members.
Including the net annual contributions, its investment asset size had recorded a strong rise; from RM342.01 billion in 2008 to RM586.66 billion at the end of 2013.
He said the dividend rate was declared on the back of a record gross investment income of RM35 billion, a 12.81 per cent rise from the RM31.02 billion gross investment income recorded in 2012.
The 2013 dividend payout was derived after deducting the net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges as well as dividend on withdrawals.
Samsudin noted that as the EPF membership rose to more than 13 million, a total of RM4.91 billion was required to pay every one per cent dividend rate for 2013.
http://www.nst.com.my/latest/epf-declares-biggest-ever-dividend-payout-of-rm31-2bil-1.485341
http://www.thestar.com.my/Business/Business-News/2014/02/18/EPF-declares-highest-dividend-in-10-years/
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