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EPF declares 6% dividend

February 19, 2012

EPF today declared decade-high dividend on 6 per cent for 2011.

KUALA LUMPUR: The Employees Provident Fund (EPF) Board, with the approval of the Finance Minister, has declared a dividend rate of 6 per cent, the highest in the last 10 years, for 2011.

The dividend rate, an increase of 20 basis points over the 5.80 per cent rate paid out in 2010, translates to a total of RM24.47 billion being distributed to its members.

In a statement issued today, EPF chairman Samsudin Osman said, “The year 2011 marks another commendable achievement for the EPF. Despite the challenging investment landscape, it was the strongest performance since the year 2001 that affirms our long term and prudent investment strategy combined with continuous efforts by our investment team.”

The EPF continues to achieve new heights in 2011 by posting gross investment income of RM27.24 billion, up 13.18 per cent from 2010.

The dividend payout of RM24.47 billion was derived after deducting net impairment allowance on financial assets, investment expenses, operating expenditures, statutory charges and dividend on withdrawals, representing an increase of 13.23 per cent compared to RM21.61 billion recorded in 2010.

“While our fixed income investments provide stable returns, the Fund’s overall performance was largely attributed to the gains realised in both domestic and global public listed equities as well as our active management programmes.

“This strong performance post-2008 financial crisis is a testament to our commitment and disciplined approach to investment.  While we cannot assure that we can maintain this performance amid the global economic and market uncertainties, we are committed to safeguarding and adding value to our members’ retirement savings, particularly against inflation”, stated Samsudin.

He also said that at the end of 2011, EPF’s total investment assets continued to register healthy growth of 6.52 per cent to RM469.22 billion from RM440.52 billion recorded in the previous year.

This rise was primarily contributed by the positive net annual contributions from members and employers, consistent and encouraging investment performance.

Members may check their EPF Account Statement for the crediting of the 2011 dividend, either through EPF Kiosks, counters or  i-Akaun, from Monday, Feb 20.


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