The Employees Provident Fund’s (EPF) encouraging performance for the third quarter of 2024 is expected to yield good returns for contributors.

Second Finance Minister Amir Hamzah Azizan said that based on this strong performance, EPF contributors can expect better dividend distribution for 2024 against 2023.

“If we look at its performance up to the third quarter of last year, it is encouraging. By the third quarter, the EPF had already earned RM57.5 billion, which was better than the previous year.

“This performance will continue into the fourth quarter. The dividend will be encouraging but I cannot comment on what it will be. Just wait for it. It will be better,” he added.

Amir was speaking to the media after completing the Larian Asean: Trek Kewangan @MOF running event organised by the Finance Ministry in Putrajaya today.

Finance Minister II Amir Hamzah Azizan

EPF declared a higher dividend of 5.50 percent for 2023 versus 5.35 percent in 2022 for conventional savings, with a total distribution of RM50.33 billion.

It was 5.40 percent versus 4.75 percent in 2022 for syariah savings, with a total distribution of RM7.48 billion.

EPF is expected to announce the 2024 dividend rate in early March. Several economists and academics previously predicted EPF’s 2024 dividend to exceed six percent.

Asean awareness

More than 3,700 Finance Ministry staff and the public participated in the event held in conjunction with Malaysia’s Asean chairpersonship for 2025. Amir and top management from his ministry completed the 3km category.

The purpose of the run was to expose ministry staff and the public to Asean, in terms of its establishment, role, its importance to Malaysia and member countries, as well as the activities that have been and will be carried out throughout the year, especially by the Finance Ministry.

“The run also supports healthy living practices, especially among ministry staff in line with the Madani values of well-being, which emphasise balance in life,” he said.

- Bernama

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