The Employees Provident Fund (EPF) is expected to announce a dividend at Menara KWSP Kwasa Damansara. (Mac 1 2024) — ART CHEN/The Star
SHAH ALAM: The Employees Provident Fund (EPF) has declared a dividend rate of 6.3% for conventional savings for 2024, with the total payout amounting to RM63.05bil.
Meanwhile, the dividend rate for syariah savings was 6.3% with the payout totaling to RM10.19bil.
The total payout for both accounts amounted to RM73.24bil.
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Both the conventional and syariah savings recorded higher dividends than the previous year.
For 2023, EPF declared a dividend rate of 5.5% for conventional savings with a total payout amounting to RM50.3bil as well as a 5.4% dividend for syariah savings, with a payout amounting to RM7.5bil.
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Over the past decade, EPF's dividend payout for conventional savings has been 6.35% in 2013, 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), 6.15% (2018), 5.45% (2019), 5.2% (2020), 6.10% (2021) and 5.35%(2022).
For Syariah Savings, it recorded dividends of 6.4% in 2017, 5.9% (2018), 5% (2019), 4.9% (2020), 5.65%(2021) and 4.75%(2022).
