Amanah Saham Malaysia (ASM) and Amanah Saham Bumiputera 2 (ASB 2) has declared their latest dividends on 28 March 2024. The dividends are payable on 1 April 2024.
ASM

Its dividend is RM 0.0475, equals to a dividend rate of 4.75%. It is an increase of 5.56% from 2023.
ASB 2

Its dividend in 2024 is RM 0.0525, equals to a yield of 5.25%. It has increased by 5% from last year.
Dividend trend
To know the previous dividends of these two fixed price funds, you can refer to this page.
For ASM, four cents (2021 and 2022) is the lowest amount that this fund would pay to its investors.
As for ASB 2, its lowest dividend was 4.25 cents in 2021.
The dividend for ASM fund family is always lower than the ASB fund family.
Outlook
The benchmark that ASM and ASB 2 use to compare its performance with is the Maybank 12-Month Fixed Deposit, which has a return of 2.84% (previous year: 2.52%). However, I am using KLCI as the benchmark. In 2023, KLCI had a return of -2.73% (2022: -4.60%). ASM 2023 dividend rate outperformed this benchmark by 9.10%.
As the economy is slowly recovering, the dividends of these fixed price funds are also slowly increasing. Hopefully they will be able to provide a dividend rate of more than 5% as before 2020.
As I have mentioned in the previous articles, the fixed price funds are my emergency fund now, instead of investments. I am not going to invest more money into these funds. For non-Bumiputera, you may try to deposit more fund into ASM. Its quota has been increased since 2023.
Previously, I have recommended Simpan SSPN Prime as an alternative to ASM due to the tax relief. I still think it is a good alternative. However, this tax relief is only available till 2024, unless extended by the government.
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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.
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