Tabung Haji

On 3rd February 2010, Tabung Haji announced that its depositors will received 5 percent dividend for the year of 2009. The dividend rate is similar to year 2008. The historical dividend rate for the past 12 years can be found here.

Tabung Haji paid 2.25 percent interim dividend in October 2009. The remaining 2.75 percent dividend will be paid to depositors on the 8th February 2010. If a comparison is made between the rate of returns of commercial banks for fixed deposits or savings, it is obvious that the Tabung Haji return is much better.

For Muslim, they are not require to pay tithe on the deposit amount. So the gross return is 7.5%, which is close to ASB, which pays 8.55 percent for year 2009.

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bursa malaysia

Public-listed companies will be required to provide an e-dividend payment system to shareholders by the third quarter of next year.

Investors will be given a one-year grace period to provide their bank account number to Bursa Malaysia Depository to enable the dividend payments to be credited directly into their bank account.

Stockbroking companies, meanwhile, will by mid-2010 be required to provide e-share payment options for clients to receive and make payments on their share transactions.

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A higher dividend may be expected from the Employees Provident Fund (EPF) this year as it recovers the bulk of its investments overseas after a 14% year-to-date improvement in the Dow Jones Industrial Average, which closed above 10,000 points on Wednesday.

With the Dow Jones recovering to the 9,000-plus level since July, EPF equity investments in the overseas markets are now above costs.

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