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THE Employees Provident Fund (EPF) is on track to deliver an even stronger dividend for 2024, building on its positive performance in 2023, according to Second Finance Minister II Datuk Seri Amir Hamzah Azizan.
Speaking to the media after the Larian ASEAN: Trek Kewangan @MOF event organised by the Ministry of Finance (MOF) today, Amir Hamzah highlighted that EPF’s investment income up to the third quarter of 2024 had already reached RM57.5 billion, surpassing the previous year’s earnings for the same period.
This robust performance indicates that EPF is likely to offer an improved dividend compared to 2023.
“Based on the performance until the third quarter of last year, which has been encouraging, the EPF has already earned RM57.5 billion in investment income by then. This performance is expected to continue into the fourth quarter, and while I cannot yet provide specific figures, I can assure you the dividend will be better than last year’s,” Bernama reported him saying.
For the year 2023, EPF declared a higher dividend of 5.50% for conventional savings, amounting to RM50.33 billion in total distributions, compared to 5.35% in 2022. Shariah-compliant savings saw a similar rise, with a 5.40% dividend for 2023, up from 4.75% the previous year, totalling RM7.48 billion in payouts.
The EPF is set to announce its 2024 dividend rate in early March, with some economists and financial analysts predicting that the figure could exceed 6%.
In addition to his remarks on EPF's performance, Amir Hamzah participated in the event that saw over 3,700 participants, including MOF staff and members of the public, running to commemorate Malaysia’s upcoming ASEAN chairmanship in 2025. Amir Hamzah and the MOF leadership team completed a three-kilometer run as part of the event.
The purpose of the run was to raise awareness about ASEAN, its role, and its significance to Malaysia and its member countries, as well as to promote healthy living practices among MOF staff in alignment with the MADANI values of well-being and life balance. - February 23, 2025