EPF declares 5.7% dividend for 2016

Below news release from Beritadaily.com

My comments in Blue – The KWSP statement for the 2016 dividends was release on the day of the PAS RUU 355 was planned to take away the heat from KWSP and the government for the lowest dividends in years . Well done BN and PAS for another good job for betraying the common folks and the retires who depend on their KWSP dividends to survive. This year the KWSP members will eat less, spend less, buy cheaper and smaller houses if all they can afford it while the big fat cats get richer and richer. Please think about the poor alley cats which are the common folks. A few days ago I predicted 5.5% and just off my mark by 0.2% only not bad not bad

 

 

In 2015, the EPF declared a 6.4% dividend

KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a 5.7% dividend for 2016, with the total payout amounting to RM37.08 billion, a commendable achievement in view of the much tougher market environment.

Chairman Samsudin Osman said the EPF is pleased it has been able to consistently exceed its two strategic investment targets of at least 2.5% nominal dividend on a yearly basis and at least 2% real dividend on a rolling three-year basis.

In 2015, the EPF declared a 6.4% dividend.

“As a retirement savings fund, the EPF always emphasises on sustainability of returns over the long term horizon as opposed to short term gains.

“This is a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83%, 183 basis points above the target,” he added, in a statement here today.

During the year, the EPF faced a challenging investment climate due to unsettling events such as Brexit and the US presidential elections.

In retrospect, the EPF was operating on the back of slower global growth while navigating between changes in the monetary policies in major economies, the slump in crude oil prices, weaker domestic currency, and large-scale outflow of capital from emerging market economies to developed economies and safe haven currencies, said Samsudin.

“As the majority of the world markets declined at the beginning of the year, the EPF’s performance was also affected. However, we ramped up our profit-taking activities in the second quarter (Q2 2016) onwards to ensure that we met our strategic targets,” he added.

The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared then was higher at 6.75%.

Samsudin said the payout amount required for one per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014.

The payout amount required for every one per cent dividend rate has been growing at 9.5% annually since 2001 in tandem with the growth of members’ savings balance for the same period.

Members can check their EPF account statement for the crediting of the 2016 dividend starting Feb 19, 2017, through i-Akaun via the myEPF website at www.kwsp.gov.my.

Alternatively, members can also obtain their statement at EPF kiosks or visit any EPF branches nationwide