EPF declares 5.7% dividend for 2016

Other local funds have declared much lower dividends. Lembaga Tabung Haji

KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a 5.7% dividend for 2016, with total payout of RM37.08bil.

Chairman Tan Sri Samsudin Osman said the EPF had consis­tently exceeded its two strategic investment targets of at least 2.5% nominal dividend on a yearly basis and at least 2.0% real dividend on a rolling three-year basis.

In 2015, the EPF declared a 6.4% dividend.

“As a retirement savings fund, the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short-term gains.

“This is a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83%, 183 basis points above the target,” he said yesterday.

Members can check their EPF account statement for the crediting of the 2016 dividend starting today through i-Akaun via the myEPF website at www.kwsp.gov.my.

Members can also obtain their statement at EPF kiosks or visit any EPF branches nationwide. — Bernama