KUCHING, March 4: The Employees Provident Fund (EPF) has declared a dividend rate of 5.35 per cent for conventional savings with a payout amounting to RM45.44 billion.
Meanwhile, the dividend rate for shariah savings is 4.75 per cent with a total payout of RM5.07 billion.
Thus, the total distribution for 2022 amounted to RM51.14 billion.
As at Dec 31, 2022, the EPF recorded a lower total gross investment income of RM55.33 billion, compared to RM68.89 billion in 2021, driven by high market volatility and lower valuations across equity and fixed income markets.
EPF chairman Tan Sri Ahmad Badri Mohd Zahir said despite the persistent global market downturn in 2022, the EPF investment portfolio maintained its resilience and responded with minimal impact.
“This was largely due to our overarching strategy that emphasises long term sustainability of investments and returns, in line with the EPF’s Strategic Asset Allocation (SAA).
“The EPF’s well diversified portfolio and healthy liquidity helped to reduce risk and enabled the fund to maintain investment assets at above RM1.00 trillion and deliver respectable dividend rates for 2022,” he said in a statement today.
Last year, EPF declared a dividend rate of 6.1 per cent for conventional savings and 5.65 per cent for shariah savings, with a total payout for both savings amounted to RM56.71 billion. – DayakDaily
