Higher EPF dividend in 2024?

Quick Summary:

A higher dividend rate may be on the cards for 2024, surpassing last year’s 5.5%, as the Employees Provident Fund’s (EPF) first-half distributable income surged by 29%.

Fixed income, which comprises Malaysian Government Securities and equivalents as well as loans and bonds, contributed 33% or RM5.72bil, to EPF’s total distributable income in 2Q24.

In 2Q24, equity investments continued to be EPF’s main contributor of income at RM10.75bil after write downs, accounting for 61% of the total distributable income.

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Article Details

Author / Journalist: GANESHWARAN KANA

Category: EconomyBusiness

Markets: MalaysiaJapanUnited States

Topics: DividendGrowth FinancialPerformance EconomicReforms RetirementSavings /Business/Business News EPFReturns Economy DomesticInvestment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 00:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 1195 words

Reading Time: 7 minutes read

Sentences: 35 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22069269

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 37 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 39 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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