EPF to announce 2023 dividends on Sunday, March 3

KUALA LUMPUR: The Employees Provident Fund (EPF) will declare dividends for 2023 this Sunday, March 3.

Since 2017, the EPF has announced dividends for conventional savings and shariah savings.

In a media invitation received earlier, the EPF said the announcement will be made by newly minted chief executive officer, Ahmad Zulqarnain Onn, Sunday morning.

The majority of economists believe the conventional savings dividend for 2023 will be higher than the 5.35 per cent announced in 2022.

One cautioned that factors like global economic shifts such as inflation, interest rates, and geopolitical developments could have impacted EPF's investment income for the fourth quarter of 2023.

EPF recorded an investment income of RM47.86 billion in the nine months ended Sept 30 last year, an increase of 33 per cent compared with RM36.04 billion in the same period in 2022.

The highest dividend ever paid by the EPF was 8.5 per cent in 1986, while its lowest dividend was 5.2 per cent, paid in 2020.

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