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PETALING JAYA: Given the devastating effect the Covid-19 pandemic has had on the economy, economists and Malaysians have welcomed the Employees Provident Fund’s dividend payout for 2020. EPF had declared dividends of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020, with a total dividend payout of RM47.64bil. Sunway University Business School economics professor Dr Yeah Kim Leng said given the downturn of the economy in 2019, the financial performance of companies or funds typically would be affected. However, Yeah said contrary to expectations, EPF managed to sustain its performance close to its 2019 levels, adding that its performance in 2019 should not be compared to its performance in 2020 due to the economic recession that the Malaysian economy had encountered. ....
Overcoming obstacles: EPF declared a 5.2% dividend for Conventional Savings and 4.9% dividend for Syariah Savings for pandemic-hit 2020. PETALING JAYA: Despite the Covid-19 pandemic, the Employees Provident Fund (EPF) says it has delivered a solid performance in 2020 for both its operational and financial results with a total dividend payout of RM47.64bil. The pension fund declared a dividend of 5.20% for Conventional Savings and 4.9% for Syariah Savings for 2020. It said the payout amounted to RM42.88bil and RM4.76bil respectively for both savings. Last year, EPF declared dividends of 5.45% for Conventional Savings 2019 and 5% for Syariah Savings 2019. In the past 10 years, EPF’s dividend payout for Conventional Savings was at 5.8% in 2010 followed by 6% (2011), 6.15% (2012), 6.35% (2013), 6.75% (2014), 6.4% (2015), 5.7% (2016), 6.9% (2017), and 6.15% (2018). ....