SSPN is expected to publish its dividend in Feb.
The SSPN is a government-sponsored savings plan designed to encourage people to save. Depositors of the SSPN will receive numerous benefits, including deposit interest, insurance protection, personal income tax rebates, death benefits, medical protection, and more.
When extra care is needed, SSPN is divided into two plans: Simpan SSPN Prime and Simpan SSPN Plus. Simpan SSPN Prime is a savings plan that allows for unlimited deposits and withdrawals. Simpan SSPN Plus is an insurance plan that requires a monthly regular deposit, with a portion of the deposit used as an insurance premium.
Every year, SSPN declares its dividend in February. It has paid an average of 4% interest over the last decade, but only 3% last year. Many people have given up on this year’s declared dividend after last year’s announced dividend was reduced to 3%.
Dividend payout ratio of SSPN over time:
2008: 4.00%
2009: 2.50%
2010: 3.25%
2011: 3.75%
2012: 4.25%
2013: 4.25%
2014: 4.25%
2015: 4.00%
2016: 4.00%
2017: 4.00%
2018: 4.00%
2019: 4.00%
2020: 4.00%
2021: 3.00%
2022: (Expected to be announced in February 2023)
