The Employees Provident Fund (EPF) has declared a dividend rate of 5.5% for Conventional Savings for 2023, with the total payout amounting to RM50.3bil.
The Employees Provident Fund ( EPF ) has declared a dividend rate of 5.5% for Conventional Savings for 2023, with the total payout amounting to RM50.3bil. For 2022, EPF declared a dividend rate of 5.35% for conventional savings with a total payout amounting to RM45.44bil, as well as a 4.75% for syariah savings , with a payout amounting to RM5.7bil. Over the past 10 years, 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) and 5.2% (2020). For syariah savings, it recorded dividends of 6.4% in 2017, 5.9% (2018), 5% (2019), 4.9% (2020) and 5.65(2021). EPF chief executive officer Ahmad Zulqarnain Onn said the higher syariah dividend rate was mainly driven by investments in technology companies, especially the “magnificent seven” stocks
EPF Dividend Rate Conventional Savings Syariah Savings Payout Technology Companies
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