EPF declares 5.65% dividend for 2009
The Employees Provident Fund (EPF) performed better for 2009 compared to 2008 by declaring a dividend rate of 5.65 dividend rate for financial year ended Dec 31, 2009, up from the 4.5 percent paid out for 2008.
EPF marked improvement is due to the highest-ever net income achieved of RM19.63bil, increasing 34.82 percent from RM14.56bil recorded in the previous year.
EPF’s investment portfolio also grew 8.55 percent or RM29.25bil to RM371.26bil from RM342.01bil in 2008.
Conclusion
A much better performance by EPF. Whether EPF can sustain their good performance throughout 2010 will be much dependent on the market sentiments.
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One Response to “EPF declares 5.65% dividend for 2009”
By Kris on Mar 6, 2010 | Reply
Kampung Investor, just curious on whether you withdraw partial of your EPF to buy mutual funds as allowed by EPF.