Tabung Haji Dividend Expected to be Between 2.7% and 3% for 2021

LEMBAGA Tabung Haji (TH) is expected to declare a dividend of 3% or lower for 2021 as a declining fixed deposit rate during the year 2021 is likely to impact the quality of dividend announcement, says analyst. 

Putra Business School economic analyst Assoc Prof Dr Ahmed Razman Abdul Latiff said fixed deposits which make up 52% of TH’s investments could be affected due to the challenging environment that affected the Malaysian haj pilgrims fund board’s activities in various business portfolios such as real estate, plantation and oil palm and equities. 

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