SHAH ALAM: The Employees Provident Fund (EPF) has announced a dividend rate of 5.5% for Conventional Savings for the year 2023, resulting in a total payout of RM50.3 billion. On the other hand, the dividend rate for shariah savings stands at 5.4%, with a total payout of RM7.5 billion.
Compared to the previous year, in 2022, EPF declared a dividend rate of 5.35% for conventional savings, resulting in a total payout of RM45.44 billion. The dividend rate for shariah savings in 2022 was 4.75%, leading to a payout of RM5.7 billion.
Reflecting on the past decade, EPF’s dividend payout for conventional savings ranged from 6.35% in 2013 to 5.2% in 2020. On the other hand, the dividend payout for shariah savings ranged from 6.4% in 2017 to 5.65% in 2021.
The consistent performance of EPF in providing dividends to its members is a testament to its financial stability and commitment to generating returns for its contributors. With a diversified investment portfolio, EPF strives to maintain sustainable growth while ensuring the long-term financial well-being of its members.
The declaration of dividends by EPF is eagerly awaited by its members each year, as it provides a glimpse into the fund’s financial performance and the benefits that will be received by contributors. The announcement of a 5.5% dividend rate for conventional savings for 2023 signifies a positive outlook for EPF’s investment strategies and overall financial health.
Furthermore, the 5.4% dividend rate for shariah savings underscores EPF’s commitment to providing competitive returns for all its members, including those who opt for shariah-compliant investments. This effort to cater to diverse preferences and needs reflects EPF’s inclusive approach towards maximizing returns for its contributors.
As EPF continues its mission to safeguard the retirement savings of millions of Malaysians, the consistent and competitive dividend rates contribute to the fund’s reputation as a reliable and trustworthy financial institution. Members can rely on EPF to optimize their savings and provide stable returns even in challenging economic conditions.
Looking ahead, EPF remains focused on maintaining its financial sustainability and enhancing the value of its members’ savings through prudent investment decisions and strategic asset allocation. The fund’s proactive approach to managing risks and optimizing returns positions it well to navigate future uncertainties and deliver sustainable growth for its members.
In conclusion, the announcement of the 2023 dividend rates by EPF reflects its strong performance and unwavering commitment to serving the best interests of its members. With a track record of consistent returns and prudent financial management, EPF continues to be a cornerstone of Malaysia’s retirement savings ecosystem.
