Malaysia’s Largest Pension Fund Raises Dividend Payouts for 2024
This article is for subscribers only.
Malaysia’s largest pension fund declared its highest dividend rates in seven years, attributing the success to recovering markets, resilient economic growth and sound portfolio management.
The Employees Provident Fund announced a dividend of 6.3% for 2024 for both conventional savings and the Shariah accounts — investments made in line with Islamic principles. The total payout amounted to 73.2 billion ringgit ($16.4 billion), according to a statement on its website.