KUALA LUMPUR: The Employees Provident Fund (EPF) has declared a 5.7 per cent dividend for 2016, with the total payout amounting to RM37.08 billion, a commendable achievement in view of the much tougher market environment. For 2016, the rolling three-year real dividend was 3.83 per cent, 183 basis points above the target," he added, in a statement here today. The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared then was higher at 6.75 per cent. Samsudin said the payout amount required for one per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014. Members can check their EPF account statement for the crediting of the 2016 dividend starting Feb 19, 2017, through i-Akaun via the myEPF website at www.kwsp.gov.my.

Source: New Strait Times February 18, 2017 12:45 UTC