Latest news with #RM439.87
Free Malaysia Today
30-04-2025
- Business
- Free Malaysia Today
PTPTN declares 4.05% dividend for Simpan SSPN scheme, highest in a decade
Higher education minister Zambry Abdul Kadir (second from left) and PTPTN CEO Norliza Abdul Rahim (left) holding up the placards announcing the Simpan SSPN dividends. (PTPTN pic) PUTRAJAYA : The National Higher Education Fund Corporation (PTPTN) has declared a 4.05% dividend for Simpan SSPN for 2024, the highest rate recorded in the last 10 years. Higher education minister Zambry Abdul Kadir said the dividend, which involves a total distribution of RM439.87 million, would benefit some 6.77 million depositors. He said since the scheme was introduced in 2004, the total dividends distributed came up to RM2.12 billion. In 2023, PTPTN declared a dividend of 3.60%. Zambry said the dividend declared in 2024 highlighted PTPTN's efficiency in managing funds to ensure optimum returns for its clients. He said the increase in dividends was also due to long and short-term shariah-compliant investment strategies which not only ensure higher returns but were inline with its principles. 'The declaration of a 4.05% dividend also highlights a positive return of investment when compared with the 3.0% overnight policy rate set by Bank Negara Malaysia,' he said when announcing Simpan SSPN dividends for 2024 and launching the Ganjaran Kesetiaan Simpan SSPN Prime 2025, here. Also present were deputy minister of higher education Mustapha Sakmud, PTPTN chairman Norliza Abdul Rahim and the fund's CEO Ahmad Dasuki Abdul Majid. According to PTPTN, the dividends will be banked directly into the Simpan SSPN accounts and depositors can check their statements via the myPTPTN app from May 2 onwards. Last year, Simpan SSPN received total deposits of RM3.17 billion, while over 500,000 new accounts were opened. 'The figure represents an increase of RM24.37 million or 0.77% compared to the RM3.15 billion declared in 2023. 'The total deposits collected as of Dec 31, 2024 was RM20.56 billion involving some 6.77 million accounts. It is an achievement to be proud of as well as proof that the public support for the SSPN scheme remains strong.'
Barnama
30-04-2025
- Business
- Barnama
PTPTN Declares 4.05 Pct Dividend For SSPN Savers In 2024, Highest In A Decade
PUTRAJAYA, April 30 (Bernama) -- The National Higher Education Fund Corporation (PTPTN) today announced a 4.05 per cent dividend payout for the National Education Savings Scheme (Simpan SSPN) for 2024, the highest rate in a decade. Higher Education Minister Datuk Seri Dr Zambry Abd Kadir said the dividend distribution involves an allocation of RM439.87 million, benefiting approximately 6.77 million Simpan SSPN depositors. 'The dividend will be credited directly into depositors' accounts, and they can check their statements via the myPTPTN app from this Friday. 'This brings the total cumulative dividends since Simpan SSPN's introduction in 2004 to RM2.12 billion,' he said at the Simpan SSPN 2024 dividend announcement ceremony here today. Also present were Deputy Higher Education Minister Datuk Mustapa Sakmud, PTPTN chairman Datuk Seri Norliza Abdul Rahim and PTPTN chief executive Ahmad Dasuki Abdul Majid. Zambry said the 2024 dividend of 4.05 per cent is higher than the 3.60 per cent paid out in 2023. He said Simpan SSPN recorded RM3.17 billion in deposits this year, with over 500,000 new accounts opened. Cumulative deposits since 2004 until Dec 31, 2024, stood at RM20.56 billion across 6.77 million accounts. 'This growth is driven by syariah-compliant short and long-term investments in domestic money markets, safeguarding principal while delivering high, positive returns,' he said, adding that this reflects PTPTN's efficiency in managing savings funds based on excellent, integrity-driven and strategic governance. At the same event, Zambry introduced the Simpan SSPN Prime Loyalty Reward Campaign 2025, offering an additional one per cent bonus to depositors who save a minimum of RM1,000 during the promotion period from May 1 to July 31.
![[UPDATED] Simpan SSPN declares 4.05pct dividend, highest in a decade](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FSSPN300425_1745995073.jpg&w=3840&q=100)
![[UPDATED] Simpan SSPN declares 4.05pct dividend, highest in a decade](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
30-04-2025
- Business
- New Straits Times
[UPDATED] Simpan SSPN declares 4.05pct dividend, highest in a decade
PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) has declared a 4.05 per cent dividend for the National Education Savings Scheme (Simpan SSPN) for 2024, the scheme's highest return in 10 years. The announcement was made today by Higher Education Minister Datuk Seri Dr Zambry Abd Kadir. The total dividend distribution amounts to RM439.87 million, benefiting 6.77 million Simpan SSPN depositors. This marks an increase from RM357.65 million, which was the amount for the 3.60 per cent dividend in the previous year. This latest payout brings the cumulative dividend disbursed since the scheme's inception in 2004 to RM12.12 billion. Also present were Deputy Minister Datuk Mustapha Sakmud, PTPTN chairman Datuk Seri Norliza Abdul Rahim and chief executive officer Ahmad Dasuki Abdul Majid.
The Sun
30-04-2025
- Business
- The Sun
Simpan SSPN announces 4.05% dividend, highest in past 10 years
PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) has announced 2024 dividend payout of 4.05% for the National Education Savings Scheme (Simpan SSPN), the highest in the past 10 years. The announcement was made today by Higher Education Minister Datuk Seri Dr Zambry Abd Kadir. The dividend distribution will benefit 6.77 million account holders, involving an estimated allocation of RM439.87 million. The dividend payout for 2023 was 3.60%.
The Sun
30-04-2025
- Business
- The Sun
Simpan SSPN announces 4.05% dividend
PUTRAJAYA: The National Higher Education Fund Corporation (PTPTN) has announced 2024 dividend payout of 4.05% for the National Education Savings Scheme (Simpan SSPN), the highest in the past 10 years. The announcement was made today by Higher Education Minister Datuk Seri Dr Zambry Abd Kadir. The dividend distribution will benefit 6.77 million account holders, involving an estimated allocation of RM439.87 million. The dividend payout for 2023 was 3.60%.
