Recently, Lembaga Tabung Haji or Pilgrim Fund Board of Malaysia announced a 6.0 percent dividend for financial year end 31st December 2011. The total dividend payout was RM1.67 billion, an increase of 25 per cent against RM1.33 billion in 2010.
The dividend was 0.5 per cent higher than the 2010 rate, which was 5.5 per cent and will benefited 6.9 million depositors nationwide. The dividend will be deposited the their account on Wednesday 8th February 2012.
Kindly refer to “Historical Tabung Haji Dividend Rate” page for previous year dividend.
The higher dividend was due to the fund’s better financial performance in 2011 with revenues of more than RM2.2 billion, six per cent higher compared with RM2.06 billion in 2010.
For the same period, 58 per cent on the income are derived from investments in equities. Of the 58 per cent, 25 per cent are coming from dividend income while the remaining 33 per cent from shares.
The second largest contribution came from investments in debt securities, mainly Islamic bonds, which contributed 15 per cent.
Tabung Haji also recorded RM44 million in business zakat payments in 2011 compared to RM41 million recorded in 2010.
The dividend rate for Tabung Haji is competitive, taking into account the profile of Tabung Haji’s investments, which are limited to syariah-compliant investments.