(Image: The Star/Faihan Ghani)
The Employees Provident Fund (EPF) had on Saturday, 1st March 2025 taken the country by storm after declaring a dividend rate of 6.30% for both Simpanan Konvensional and Simpanan Shariah for the year ending 31 December 2024.
The highest since 2017!
The total payout is RM73.24 billion, with RM63.05 billion for Simpanan Konvensional and RM10.19 billion for Simpanan Shariah.
EPF’s investment income rose by 11% to RM74.46 billion, up from RM66.99 billion in 2023. Investment assets grew 10% to RM1,249.71 billion, driven by strong portfolio income and net contributions of RM108.22 billion, an 11% increase from 2023.
Malaysia’s economy grew by 5.1% in 2024, up from 3.6% in 2023, with the stock market rebounding by 12.9%.
The 6.30% dividend reflects EPF’s disciplined investment strategy and commitment to safeguarding Malaysians’ retirement savings.
(Image: MalayMail)
EPF Chairman, Tan Sri Mohd Zuki Ali, credited the fund’s success to strong global and domestic markets, stable economic conditions, and effective portfolio management. He also noted that domestic factors like healthy investments, a strong labor market, and government initiatives under Budget 2024 helped support returns.
“Domestically, strong investments, a healthy labour market, and stable inflation boosted demand, while exports benefited from global stability and the tech upcycle. Under the leadership of YAB Prime Minister Dato’ Seri Anwar Ibrahim, government initiatives under Budget 2024 and strategic plans under the Ekonomi MADANI framework have attracted foreign investments, creating a supportive environment for economic growth”.
The high dividend rate for 2024 definitely reflects EPF’s efforts in managing investments prudently while continuing to safeguard the retirement savings of Malaysians.
(Source: EPF)