National Farmers Fund distributes RM7.7m in dividends

by BERNAMA / pic credit: nafas.com.my

THE National Farmers Fund (DPK) under the National Farmers Organisation (NAFAS) recorded a profit of RM9.29 million with a total dividend distribution of RM7.7 million in 2019.

It was an increase of 1.3 per cent compared to RM7.6 million in 2018, NAFAS said in a statement today.

According to NAFAS, although 2019 was a difficult year, dominated by market uncertainties, DPK will continue to focus on financing strategies and diversification of treasury portfolios to provide resilience and encouraging returns to the members in the future.

NAFAS was proud that DPK was able to provide competitive returns that exceeded the inflation rate consistently with the average dividend of 8.7 per cent for three years in a row since 2017, it added.

“Therefore NAFAS encourages farmers to register as members of the Area Farmers Organisation so they have the opportunity to open investment accounts under the Special Farmers Investment Scheme (SPKP) and apply for DPK financing products,” it said.

In its bid to increase performance, DPK has begun diversifying its investment activities with low and medium risks as well as exploring new financing products, it added.

“The mechanism will benefit investors, thus having the opportunity to enjoy dividends more consistently every year,” said NAFAS.

Prime Minister Tan Sri Muhyiddin Yassin had earlier announced a dividend rate of 8.1 per cent for SPKP, one of the schemes under DPK, for the financial year ended 2019.