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Sunday February 16, 2014 MYT 2:08:00 PM
Sunday February 16, 2014 MYT 3:35:48 PM
KUALA LUMPUR: The Employees Provident Fund (EPF) announced a 6.35% dividend for 2013, higher than the 6.15% declared for 2012.
EPF chairman Tan Sri Samsudin Osman said in a statement on Sunday that this would involve the highest sum in dividend payout to subscribers, totalling RM31.20bil.
It is 13.66% higher than the total dividend payout in 2012, which was RM27.45bil, he added.
Samsudin said the dividend rate was declared on the back of a record gross investment income of RM35bil, a 12.81% rise from the RM31.02bil 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," he said.
Samsudin said equities emerged as the largest contributor to the EPF's gross investment income in 2013, generating RM19.52bil of income, a significant increase of 40.39% compared with RM13.90bil recorded in 2012.
"EPF's equities portfolio generated double-digit realised returns, exceeding the performance of other similar funds," he said.
Samsudin also said the strong performance in its equities portfolio was helped by the local and global indices reaching new highs. - Bernama
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