Monday, February 8, 2010

Expect A Higher EPF dividend

Good news for all. The Employees Provident Fund (EPF) dividend for 2009 is expected to be higher compared to the 4.5% paid out in the previous year.

The Star newspaper quoted EPF chairman Tan Sri Samsudin Osman as saying that 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 will be made in March,” he said.

Samsudin, who is also Putrajaya Corporation president, had earlier presented prizes to winners of a fishing competition held in conjunction with Federal Territory Day celebrations.

The report also noted that in December, EPF announced that it obtained RM5.5bil in profits in the third quarter of last year, an increase of RM696.32mil compared to RM4.8bil in the previous quarter.