KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is giving out a combined dividend and bonus of 5.75 sen for its largest unit trust fund, Amanah Saham Bumiputera (ASB), for 2024.
The 5.75 sen dividend is made up of 5.5 sen dividend and 0.25 sen bonus dividend, PNB said in a statement today.
The dividends involve a total payout of about RM10.1 billion to 11.1 million ASB unit holders.
The dividend announced marks an almost 10 per cent hike in total income distribution from the 5.25 sen per unit announced for its flagship fund in 2023.
"ASB continues to deliver sustainable, above market returns, outperforming the benchmark of Maybank 12-month Fixed Deposit rate.
"ASB's number of accounts increased by 2.4 per cent to 11.1 million accounts, indicating continued confidence in ASB as an essential savings and investment platform for Bumiputeras in their financial planning," PNB said in a statement today.
PNB stated that ASB's improved performance was driven by the positive impact of its asset diversification strategy and the strong Malaysian public equity market, which benefitted from robust Malaysian economic growth and the strengthening of the ringgit.
PNB chairman Raja Tan Sri Datuk Seri Arshad Raja Tun Uda said ASB has been able to deliver its strongest dividend distribution over the last five years.
"This continues the strong track record of outperformance of ASNB's Fixed Price Funds over their reference portfolio in line with PNB's purpose to uplift the financial lives of Malaysians across generations," he added.