LTAT declares 5.25% dividend payout for FY2024

 

The Armed Forces Fund Board dividend rate has gradually increased over the years, from 2.5% in 2019 to 3.5% in 2020, 4.1% in 2021, and 5% for both 2022 and 2023. (LTAT pic)

KUALA LUMPUR: 

The Armed Forces Fund Board (LTAT) has declared a dividend of 5.25% for the financial year ended Dec 31, 2024 (FY2024), says defence minister Khaled Nordin.

The total payout to depositors this year will be RM514.20 million, higher than the 5% dividend of RM485.08 million declared for FY2023.

This marks the highest payout in seven years and will benefit 125,014 Malaysian Armed Forces contributors.

Making the announcement at the Royale Chulan hotel here, Khaled said the 2024 dividend reflects the success of disciplined investment strategies and the proactive management of legacy assets.

The dividend rate has gradually increased over the years, from 2.5% in 2019 to 3.5% in 2020, 4.1% in 2021, and 5% for both 2022 and 2023. - FMT

MORE TO COME