The Employees Provident Fund (EPF) Board, with the approval of the Minister of Finance, has declared a dividend rate of 6.00 per cent, the highest in the last 10 years, for the financial year ended 31 December 2011. The dividend rate, an increase of 20 basis points over the 5.80 per cent rate paid out in 2010, translates to a total of RM24.47 billion being distributed to its members.
Chairman Tan Sri Samsudin Osman said the rate, the highest in 10 years, would involve payment of RM24.47 billion, from RM21.61 billion for the previous year.Based on previous reports, the highest dividend announced by EPF was 8.5 per cent, paid to subscribers from 1983 to 1987.
Samsudin said 2011 marked another commendable achievement for EPF, despite the challenging investment landscape, by posting a gross investment income of RM27.24 billion, an increase of 13.18 per cent from 2010. “It is the strongest performance since 2001, an affirmation of our long term and prudent investment strategy, combined with continuous efforts by our investment team,” he said in a statement here today.
One of the highlights of EPF investment activities in 2011 was the completion of the joint acquisition (with UEM Group) of Plus Expressway Berhad through co-investment vehicle, PLUS Malaysia Sdn Bhd.”In addition, we have also expanded our global investment exposure in properties, as well as equities and Sukuks.”These expansions are in line with our investment objective and strategy guided by our Strategic Asset Allocation and Risk Management Framework,” he added.