EPF’s 6.4% dividend commendable – Tengku Zafrul

EPF’s 6.4% dividend commendable – Tengku Zafrul

KUALA LUMPUR, Feb 22 – The Employees Provident Fund’s declaration of a 6.4% dividend for 2015 is a commendable achievement, says CIMB Group Chief Executive, Tengku Datuk Seri Zafrul Aziz.

He said in a statement today that it was an indication of good and prudent investment management as global markets faced multiple headwinds.

Last Saturday, the retirement savings fund declared a dividend rate of 6.4% for 2015, with a total payout of RM38.24 billion.

The increase was in tandem with the growth in EPF’s investment assets, which stood at RM684.53 billion as at Dec 31, 2015, while gross income grew 13.18% to RM44.23 billion compared with RM39.08 billion in 2014. – Bernama