The EPF, with some 14 million contributors, has recorded a net investment income RM37.83mil for the first nine months of 2020. If there are no major impairments to its portfolio, it should be able to match ASB’s 4.25% or come close to it based on the nine-month result.
EVERYTHING points to the Employees Provident Fund (EPF) declaring a commendable dividend for 2020. The fund with RM950bil under its belt is expected to declare a dividend rate that is almost the same as Amanah Saham Bumiputera (ASB) or more.
ASB, which is Permodalan Nasional Bhd’s flagship fund, declared a dividend pay-out of 4.25 sen for every RM1 invested. It comprised an income distribution of 3.5 sen and bonus of 0.75 sen.
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