Home > News > Nation
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
Tags / Keywords:
Employees Provident Fund, EPF, Tan Sri Samsudin Osman
Having enough for retirement
EPF members withdraw RM3.12bil
Boosting retirement fund
Aabar’s journey into RHB
No undertaking from Aabar RHB Cap's rights issue yet (Update)
Staying fit the dodgeball way
Cloud seeding done daily
Details of TPPA in a month
Racist acts must stop, says Liow
Soldier charged with possession of IS material
PM: Limited scope today
Wider room for local guides
Fiji beat gutsy Uruguay 47-15 for first World Cup win
Exploit Asean market, business women told
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)