The Employees Provident Fund (EPF) announced dividend rate of 5.80 percent for the financial year ended 31 December 2010. It was 15 basis points higher than 5.65 percent announced in 2009. However, it is slightly lower than the rumors of 5.85%, early this month.
The total dividend payout stand at RM21.61 billion and it was the highest ever. Gross income for the same period was at historical high of RM24.06 billion which is 39.76 percent higher than 2009.
The calculation for EPF dividend is not straight forward. It is not calculated by simply multiply the total contribution or year end balance with the declared dividend rate.
The way EPF dividend calculated is based on daily rest. Means that, dividend is calculated based on daily balanced of each account 1 and 2. However, please bear in mind the following,
The following is simple example on how to calculate. Alternatively, you may want to use online “EPF Dividend Calculator”
Since March 2010, EPF reveal its top 30 equity investments in Bursa Malaysia on quarterly basis. The aim for this is to promote greater transparency and to reassure members that investment undertaken are in the best interest of growing their retirement savings and in accordance to best practices in investment and governance.
The table below are the quarter 4 2010 Top 30 Equity Investments in companies listed on Bursa Malaysia as of 31th December 2010.
A source inform that Employees Provident Fund (EPF) is expected to announce 5.85 percent dividend for financial year end 2010. The final announcement is schedule to be made either by the end of February or early March.
The dividend is expected 0.2 percent higher than 2009 which was at 5.65 percent. Higher dividend is expected because EPF registered higher investment income at least in quarter 1 and 3 in 2010.
Kindly refer to “Historical EPF Dividend Rate” page for previous year dividend rate and chart since 1952.
The following data are as of early 2010. Two (2) Malaysia pension funds namely Employees Provident Funds (EPF) and Kumpulan Wang Persaraan (KWAP) listed in top 300 world’s largest pension funds.
In 2010, EPF is at number 19 from the top 300 pension funds drop from number 18 in 2008. However, the total assets grow to USD109.0 billion from USD98.8 billion in the same period.
KWAP, Malaysian second largest pension funds is at number 148 in 2010 with USD19.1 billion assets up from position 160 with USD16.0 billion assets in 2009.