Fund to declare higher dividend

Tuesday October 23, 2007

KUALA LUMPUR: Employees Provident Fund contributors can expect to get higher dividends than last year, EPF chief executive officer Datuk Azlan Zainol said.

However, he declined to give the exact percentage.

Last year’s dividend was 5.15%.

Azlan said the EPF could afford to declare a higher dividend because the fund had done well in its equities investments.

“We have benefited from the market going up,” he said.

Azlan added that the EPF was experiencing an annual growth of about RM26bil.