The Employees Provident Fund (EPF) has declared a dividend rate of 6.3% for conventional savings for 2024, with the total payout amounting to RM63.05 billion.
The dividend rate for syariah savings was 6.3% with the payout totaling to RM10.19 billion. Meanwhile, the total payout for both accounts amounted to RM73.24 billion.
Both the conventional and syariah savings recorded higher dividends than the previous year.
For 2023, EPF declared a dividend rate of 5.5% for conventional savings with a total payout amounting to RM50.3 billion as well as a 5.4% dividend for syariah savings, with a payout amounting to RM7.5 billion.
Over the past decade, EPF’s dividend payout for conventional savings has been 6.35% in 2013, 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), 6.15% (2018), 5.45% (2019), 5.2% (2020), 6.10% (2021) and 5.35%(2022).
For Syariah Savings, it recorded dividends of 6.4% in 2017, 5.9% (2018), 5% (2019), 4.9% (2020), 5.65%(2021) and 4.75%(2022).
What do you think of this? Let us know in the comments.
Also read: M’sians Are Withdrawing from Their EPF Account 3 to Support Their Luxury Lifestyles
