Higher EPF Dividend Forecast (Plus List Of Historical Dividend Rates)
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Contributors to the Employees Provident Fund (EPF) may have cause to celebrate this year. The consensus seems to point to higher dividends for conventional savings this year.
Many experts have forecasted that EPF will deliver dividend surpassing 5.5% which was declared last year for 2023 fund performance.
Positive market conditions can lead to higher dividend
Factors ranging from higher GDP (gross domestic product) and Bursa Malaysia’s positive growth as well favourable results from international investments all point to a higher dividend. Experts cited by TMR and NST are projecting a dividend of between 5.7% and 6.2%.
Summary of the factors driving the anticipated increase
- Malaysia’s GDP grew by 5.3% in the third quarter of 2024
- Bursa Malaysia’s FTSE registering over 10% gain
- Recovery in global and domestic markets in 2024
- EPF’s gross investment income grew by 20 percent from Jan to Sept 2024
- Global equities markets delivered double-digit gains in the US and Europe
EPF will be announcing the dividend payout for 2024 in early March 2025.
EPF historical dividend rates
Below are the past years dividend payouts. While the payout in 2020 dipped to 5.2% for conventional savings, keep in mind that it’s still higher than the inflation rate average in Malaysia.
| Year | Conventional Savings dividend rates | Simpanan Shariah dividend rates |
|---|---|---|
| 2012 | 6.15% | - |
| 2013 | 6.35% | - |
| 2014 | 6.75% | - |
| 2015 | 6.40% | - |
| 2016 | 5.70% | - |
| 2017 | 6.90% | 6.40% |
| 2018 | 6.15% | 5.90% |
| 2019 | 5.45% | 5.00% |
| 2020 | 5.2% | 4.90% |
| 2021 | 6.10% | 5.65% |
| 2022 | 5.35% | 4.75% |
| 2023 | 5.50% | 5.40% |
Source: EPF
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