Amanah Saham Malaysia 3 (ASM 3) has just paid its latest dividend on 1 October 2024. The amount is RM 0.0475/unit, equal to a dividend yield of 4.75%. It is an increase of 5.56% from last year.
Trend
For its previous dividends, you can refer to this page.
Outlook
The benchmark of this fund is the same as ASM, the Maybank 12-Month Fixed Deposit, which currently has a return of 2.69% (2023: 2.86%) per annum. However, I think we should use the KLCI as the benchmark as this fund invests in the local equity market. Using the return of KLCI in 2023 (-2.73%), its performance is much better.
The three ASM funds distributed the same dividend in 2024. As I expected last year, these fixed price funds were able to give higher than 4% dividend. Going forward, I think the rate will get higher, barring any adverse development.
If I am not wrong, ASM 3 currently has quota for top up. Thus, if you are interested, you may try to deposit the money through myASNB now.
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Disclaimer: This post is for informational purpose only. You should use judgment and conduct due diligence before taking any action or implementing any plan suggested or recommended in this article.
