PUTRAJAYA, June 10 — The National Farmers Organisation (Nafas) announced a dividend of nine per cent for its National Farmers Fund (DPK) for the financial year ending December 31, 2023, under the Farmers Special Investment Scheme (SPKP).
Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the dividend breakdown was six per cent and a three per cent bonus for investments of the first RM50,000, and one per cent hibah for the DPK Al-Wadiah normal savings account, with a total payment commitment of RM12.2 million.
“Currently, the DPF’s total assets have reached RM288 million, with investments in various financial sectors.
“The performance proves the effectiveness of the DPK’s investment strategy and its ability to bring stable returns to all investors,” he said.
Mohamad was speaking at the 2023 DPK SPKP dividend announcement ceremony today, where he also said the fund’s financial performance showed a consistent increase annually, with stable profits and competitive dividend distributions and bonuses.
As such, Nafas and DPK must continue exploring new investment opportunities, optimising cash management, and conducting digital transformation.
“They also need to be committed to raising service quality, product-added value and strengthening marketing efforts to achieve the set strategic objectives,” Mohamad said.
Meanwhile, Nafas said that the DPK recorded a net profit of RM16.2 million with a total dividend distribution and bonuses of RM12.2 million for the financial year ending on December 31, 2023.
In a statement in conjunction with the dividend announcement, it said the distribution percentage of 76 per cent from net profits will benefit almost 8,500 investors.
Meanwhile, the Sarawak Farmers Organisation was announced as the main winner for the DPK-SPKP Go Invest campaign during today’s dividend announcement ceremony.
With over RM3 million, it topped the list of investors, followed by the Selangor Farmers Organisation and the Hutan Melintang Farmers Organisation.
Selangor Farmers Organisation chairman Datuk Abdul Rahman Bakri said the DPK had huge potential to generate profits, which boosted his organisation’s confidence in investing in large amounts.
“We are the second highest investor. If dividends are higher, it will have a bigger impact on members.
“We hope that the dividend will be over 10 per cent after this,” he said.
The DPK was launched on December 17, 2012, to provide competitive financial services and pool funds to be distributed in financing and joint investments to members and the Farmers Organisation network.
The projects financed by the DPK include replanting oil palm plantations, fertigation of crops, purchase of agriculture machinery, rolling capital for chicken breeding, and petrol stations.
— Bernama
