Feb 9, 2015

EPF Confirms 6.75% Dividend For 2014


The Employees Provident Fund (EPF) Board today declared a dividend rate of 6.75% for 2014, confirming a report by The Malaysian Insider yesterday.

It is higher than the 6.35% announced in 2013 and the highest since 1999.

National news agency Bernama quoted a statement by the country’s largest pension fund as saying that it would involve a payout of RM36.66 billion, compared with RM31.2 billion in 2013.

The fund also recorded RM39.08 billion in gross investment income for 2014, up 11.66% from RM35.00 billion in 2013, mainly driven by equities in the domestic and global markets, it said.

"Global investments contributed 33% towards total income for 2014 despite being only 23% of total assets amid uncertainties in both the domestic and global markets," EPF chairman Tan Sri Samsudin Osman was quoted as saying in the statement.

The asset class recorded an investment income of RM22.91 billion, a rise of 17.37% compared with RM19.52 billion in 2013, and contributed 58.63% to the total gross investment income in 2014.

Loans and bonds contributed RM7.57 billion in income, compared with RM7.51 billion in 2013.

Malaysian government securities and equivalents recorded RM6.59 billion in income, up 6.14% over the RM6.21 billion in 2013.

Money market instruments posted an income of RM619.65 million.

Real estate and infrastructure contributed RM1.39 billion in investment income in 2014, compared with RM1.14 billion the previous year.

Bernama also reported as at December 31, 2014, the fund’s total investment assets stood at RM636.53 billion, up 7.91% from the RM589.87 billion in 2013. – February 7, 2015.

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