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Pag-IBIG hikes dividend rates for savings

March 14, 2022

State-run Home Development Mutual Fund (Pag-IBIG) has increased the dividend rates for both regular and voluntary savings after approving a record P31.79 billion in dividends for members last year.

Housing Secretary and Pag-IBIG chair Eduardo del Rosario said the agency adjusted the dividend rates for regular savings to 5.5 percent and for the voluntary program to six percent.

In 2021, Pag-IBIG dividend rates were pegged at 5.62 percent for regular and 6.12 percent for voluntary savings.

Del Rosario said the agency raised the dividend rates to pay the highest possible returns to members whose incomes were cut by the pandemic. He assured members that Pag-IBIG’s finances remain intact in spite of the decision to adjust the dividend rates.

“Giving higher returns is part of our efforts to give the best benefit to our members, especially as they face economic challenges due to the ongoing pandemic, [all the] while ensuring the fund’s sustainability and stability,” Del Rosario said.

 

Source : https://bit.ly/36iHaQk

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