EVERYTHING points to the Employees Provident Fund (EPF) declaring a commendable dividend for 2020. The fund with RM950bil under its belt is expected to declare a dividend rate that is almost the same as Amanah Saham Bumiputera (ASB) or more.
ASB, which is Permodalan Nasional Bhd’s flagship fund, declared a dividend pay-out of 4.25 sen for every RM1 invested. It comprised an income distribution of 3.5 sen and bonus of 0.75 sen.
In addition, the national unit trust company declared a special Ehsan payment of 0.75 sen per unit for up to the first 30,000 units in conjunction with the 30th anniversary of ASB.
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