EPF declares highest dividend payout since 1997

KUALA LUMPUR: The Employees Provident Fund (EPF) today declared a dividend rate of 6.90 per cent for Simpanan Konvensional (conventional savings) 2017, with payout amounting to RM44.15 billion; and 6.40 per cent for Simpanan Syariah (Syariah savings) 2017, with payout amounting to RM3.98 billion.

The payout for conventional savings is the highest since 1997.

In total, the payout for 2017 amounts to RM48.13 billion, an increase of 29.8 per cent from 2016.

EPF Chairman Tan Sri Samsudin Osman said he was pleased with the overall performance in 2017, which is also a landmark year for the EPF as it is now managing two savings schemes and declaring two dividend rates.

“Simpanan Shariah has shown a strong performance considering that this is its first dividend declaration. This reaffirms the strength and health of EPF’s shariah asset and should come as good news to our members who have switched to Simpanan Shariah.

“As for Simpanan Konvensional, the 6.90 per cent was the highest rate ever announced since 1997,” he said in a statement today.