https://www.beritadaily.com/epf-dividend-ex...ite-challenges/
EPF DIVIDEND, EPF
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 Feb 16 2017, 07:26 PM
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#1
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Junior Member
13 posts Joined: Jun 2005 
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Feb 16 2017, 07:27 PM
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#2
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Junior Member
13 posts Joined: Jun 2005
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Dividend announcement this weekend. You will know by then.
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Feb 18 2017, 08:48 PM
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#3
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Junior Member
13 posts Joined: Jun 2005
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Confirmed. 5.70%
EPF login site is up and running now. You can check online. |
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Feb 18 2017, 08:52 PM
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#4
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Junior Member
13 posts Joined: Jun 2005
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Disappointing rate despite a higher income of 46.6B in 2016 vs 44.2 in 2015.
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Feb 18 2017, 09:12 PM
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#5
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Junior Member
13 posts Joined: Jun 2005
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QUOTE(Havoc Knightmare @ Feb 18 2017, 08:59 PM) You can't just look at absolute numbers because the dividend payout is relative. EPF holders account balance has increased by a larger percentage than income did. The 46.6B has to be divided over a larger base for 2016 as compared to 44.2B in 2015. True, the 2015 payout was 38.2B over 44.2B whereas this year 2016 payout is only 37.1B over 46.6B. Relatively the payout is much lower.  |
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Feb 18 2017, 09:18 PM
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#6
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Junior Member
13 posts Joined: Jun 2005
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By right, the rate should be 6.15% to 6.20% when comparing income in 2015 over 2016.
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Feb 18 2017, 09:31 PM
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#7
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Junior Member
13 posts Joined: Jun 2005
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"The dividend payout for 2016 is higher than the payout amount in 2014 even though the dividend rate declared in 2014 was higher at 6.75 per cent. This is following the payout amount required for one (1) per cent dividend in 2016 was RM6.51 billion, higher compared with RM5.43 billion in 2014. The payout amount required for every one (1) per cent dividend rate has been growing at 9.5 per cent annually since 2001 in tandem with the growth of members’ savings balance for the same period."
- TS Samsudin This is a misleading statement from TS Samsudin when comparing 2016 against 2014. He should compare 2016 with 2015. |
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Feb 18 2017, 09:37 PM
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#8
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Junior Member
13 posts Joined: Jun 2005
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QUOTE(Havoc Knightmare @ Feb 18 2017, 09:25 PM) The only way to know if they are paying out all their income is to look at their reserves in their balance sheet. Sometimes they hold back from declaring all the income as dividends to keep some as reserves. Which will be used to maintain the dividend rate in bad years. 6B reserve in 2015 over 9.5B reserve in 2016. Don't you think this is too much? And the reserves use for what? It's our money - not theirs. Cannot be OPEX, right?On the other hand you have some other government institutions who over declare dividends relative to income to the point where they become insolvent. |
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Feb 18 2017, 10:02 PM
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#9
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Junior Member
13 posts Joined: Jun 2005
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QUOTE(Havoc Knightmare @ Feb 18 2017, 09:48 PM) It's not much. Consider if suddenly the stock market crashes this year and Income drops sharply, to say 10-20 B from 40+ at present. 9.5B will be hardly enough to cushion this drop. As for OPEX, its usually deducted against Income generated, just like unit trust. So the 46.6B is already net of their OPEX Reserves to curtain shock is understandable. 9.5B is just for 2016 and about 20% of this year income. Then 6B for 2015 or 13.6%. Surely, when you add up these 2 years we have 15.5B. Adding the last 20 years should be even more. Possibly exceed 100B. Does EPF need to set aside so much? |
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Feb 10 2018, 11:27 AM
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#10
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Junior Member
13 posts Joined: Jun 2005
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