EPF declares 5.65% payout after a sound performance
March 8, 2010 7:54 am Finance, NewsThe Employees Provident Fund (EPF) has declared a dividend of 5.65% for the financial year ended Dec 31, 2009, an increase of 1.15 percentage points over the 4.50% paid out for 2008. The dividend rate was declared on the back of the highest ever net income achieved of RM19.63bil, an increase of 34.82% from the RM14.56bil recorded in the previous year.
“2009 was a significant year for the EPF as it rode out the impact of the global financial crisis. “While the EPF continues to be challenged by the fragile economic environment, our investments nonetheless delivered a sound performance for the year,” chairman Tan Sri Samsudin Osman said in a statement yesterday.
During the year under review, 72.53% of total invest ment was devoted to fixed income instruments in line with EPF’s prudent approach, while 27.05% was in equities and the remainder in property. As of Dec 31, 2009, EPF’s investment portfolio grew 8.55% or RM29.25bil to RM371.26bil from RM342.01bil in 2008.
On prospects for next year, Samsudin said it would be “greatly dependent on the economic performance of the country and internationally.” He said globally, financial markets continued to be volatile and this might have an impact on the price performance of EPF’s investments and future income. “We will continue to focus on our key goals of preserving the capital of our contributors and ensuring a satisfactory real rate of return,” he added.
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