EPF dividend likely to top 6%

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EPF dividend likely to top 6%
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(Reuters) - Apple is planning on launching a wall-mounted display that can control appliances, handle video conferencing and use artificial intelligence to navigate apps, Bloomberg News reported on Tuesday, citing people with knowledge of the effort.

PETALING JAYA: A strong performance in the third quarter of 2024 has raised expectations of higher dividend payouts from the Employees Provident Fund .

Meanwhile, UCSI University Malaysia associate professor for finance Dr Liew Chee Yoong said EPF dividends approaching or exceeding 6% for the year are likely within reach. Economist and Williams Business Consultancy Sdn Bhd founder Geoffrey Williams said a 6% dividend rate for EPF members is possible this year.

“This is the main driver of higher EPF investment income and is likely to continue this year and the next,” he said. “However, potential risks could affect these returns, such as ongoing currency translation losses in non-ringgit-denominated assets that could in turn affect the dividend payout,” he cautioned.

In the bigger picture, Liew noted that while EPF’s diversified and proactive strategies suggest a solid performance outlook for 4Q24, factors like currency fluctuations, geopolitical developments and potential US policy changes could introduce volatility.

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