Samoa National Provident Fund has approved a dividend payout of $54 million allocation for 2018-2019 to its members.
SNPF Chief Executive Pauli Prince Suhren attributes the high payouts (10% and 9.1% respectively in the last 2 consecutive fiscal years) to the investments strategies by the Fund yielding high returns to finance the rewards for the SNPF membership.
He also credits the Board of Directors and staff of over 120 for their role in ensuring that the members are well rewarded.
The dividends payout are directly deposited in the respective accounts of SNPF members for their small loan entitlements.
There are more than 20,000 members of the SNPF.
Photo supplied Samoa Govt Media
Source:
Press Release