POSITIVE FORECAST FOR EPF DIVIDEND

A large segment of Malaysians in the private sector are dependent on their EPF savings for retirement, as a crucial pillar of the country’s social safety net, which is why EPF continually practises a high standard of corporate governance with professional management to consistently drive high returns.

DESPITE the headwinds last year, the Employees Provident Fund (EPF) may declare a dividend rate ranging from 4.0% to 5.5% for 2020, according to a number of economists.

Sunway University economics professor Dr Yeah Kim Leng expects a 5.0% to 5.5% dividend rate, pointing out that the fund’s investment income for the first nine months in 2020 exceeded the prorated 2019 dividends – when it declared 5.45% dividends – by 10%.Yeah expects a 5% to 5.5% dividend rate.