The Employees Provident Fund (EPF) dividend for 2009 is expected to be higher compared to the 4.5% paid out in the previous year. EPF chairman Tan Sri Samsudin Osman said this was due to the local share market’s stable position and good investment returns.
“A meeting on dividend rates will be held this month, while an announcement on it will be made in March,” he told reporters on Feb 7.
In December, EPF announced that it obtained RM5.5 billion in profits in the third quarter last year, which was an increase of RM696.32 million or 14.51% compared to RM4.8 billion in the previous quarter. EPF CEO Tan Sri Azlan Zainol said EPF funds had now increased to RM361.09 billion compared with RM353.93 billion in the second quarter last year.
For the year 2008, 12 million EPF members received a dividend of 4.5%, which was lower than the 5.8% for 2007.
I do not think that we will be getting as high as 5.8%, but anything in the region of 5% will be a good and fair return for me :)
Bernama
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