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EPF declares 5.2pct dividend involving RM47.64 billion payout for 2020 [NSTTV]

KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a 5.20 per cent dividend for Simpanan Konvensional and 4.90 per cent for Simpanan Shariah in 2020.

The pension fund said the total dividend payout amounts to RM47.64 billion, of which RM42.88 billion is for Simpanan Konvensional and RM4.76 billion for Simpanan Shariah.

With an average five-year real dividend of 4.62 per cent for Simpanan Konvensional and 4.32 per cent for Simpanan Shariah after adjusting for inflation, the EPF said it has exceeded its strategic target of declaring at least 2.00 per cent real dividend on average for a rolling five-year basis.

Chairman Tan Sri Ahmad Badri Mohd Zahir said the EPF has managed to safeguard its members' retirement savings well, while meeting its immediate needs to deal with current challenges.

"It was not easy at times, as we had to walk a tightrope in ensuring that our members survive the difficult times while balancing their future needs."

"The quick spread of Covid-19 and its transmissibility made it a Black Swan event that many found challenging to manage.

"However, we were proactive in managing the pandemic and that helped us to ride through the challenges.

"Our focus on digitalisation enabled us to assist our members more efficiently and seamlessly while ensuring that we remain relevant to members who are more technology-savvy," he said in a statement today.

Ahmad Badri said EPF's speed of adaptability in its investment strategy and processes ensured that it was able to deliver optimum performance, while leveraging on the strength of its 250-strong investment professionals who diligently managed portfolios and took proactive measures.

"Solid teamwork and digital infrastructure ensured that we could adapt seamlessly to the new work norms," he added.

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