EPF’s Strong Performance in Q3 2024 Signals Higher Dividends for Contributors

The Employees Provident Fund (EPF) has shown an encouraging performance for the third quarter of 2024, raising hopes for higher returns for its contributors. Second Finance Minister, Datuk Seri Amir Hamzah Azizan, stated that based on EPF’s strong financial standing, contributors can expect a better dividend distribution for 2024 compared to 2023.

“If we look at its performance up to the third quarter of last year, it has been very encouraging. By the third quarter, EPF had already earned RM57.5 billion in investment income, surpassing the previous year’s performance.

“This momentum is expected to continue into the fourth quarter. The dividend will be promising, but I cannot disclose the exact figure yet. Just wait for it—it will be better,” he shared with the media after completing the “Larian ASEAN: Trek Kewangan @MOF” event organised by the Finance Ministry (MOF) on Sunday.

Higher Dividends in 2023, Even Better in 2024?

For 2023, EPF declared a higher dividend of 5.50% for conventional savings, up from 5.35% in 2022, with a total distribution of RM50.33 billion. Meanwhile, for Shariah savings, the dividend increased to 5.40% from 4.75% in 2022, with a total distribution of RM7.48 billion. EPF is expected to announce its 2024 dividend rate in early March. Several economists and financial experts have predicted that this year’s dividend could exceed 6%, given the strong investment income reported so far.

Financial Awareness Through Sports

More than 3,700 MOF staff and members of the public participated in the Larian ASEAN: Trek Kewangan @MOF event, held in conjunction with Malaysia’s ASEAN chairmanship in 2025. The event aimed to educate MOF staff and the public about ASEAN’s role and significance to Malaysia and other member nations.

Datuk Seri Amir Hamzah, along with MOF’s top management, completed the three-kilometre category run.

“The run promotes a healthy lifestyle, especially among MOF staff, aligning with the Madani values of well-being, which emphasise balance in life,” he added.

With EPF’s stellar performance, contributors can look forward to promising financial returns, reinforcing the fund’s role in securing Malaysians’ retirement future.