A Bernama Report today speculated that the Employees Provident Fund (EPF) dividend will likely pay a higher dividend compared to the 4.5 per cent paid out in 2008.EPF chairman Samsudin Osman said this was due to the local share market’s stable position and good investment returns.
“A meeting on dividend rates will be held this month, while an announcement on it will be made in March,” he told reporters, here today.
In December, EPF announced that it obtained RM5.5 billion in profits in the third quarter last year, which was an increase of RM696.32 million (14.51 per cent) compared to RM4.8 billion in the previous quarter.
EPF chief executive officer Tan Sri Azlan Zainol said EPF funds had now increased to RM361.09 billion compared with RM353.93 billion in the second quarter last year.
For the year 2008, 12 million EPF members received a dividend of 4.5 per cent. This was lower compared to the 5.8 per cent paid out for 2007.
So what is your guess for the 2009 payout.
Many would be thankful if it could just equal the payout rate of 2007.
What do you think?
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