Defence minister says LTAT targets a six per cent dividend, contingent on strong investment returns and portfolio performance.
KUANTAN: The Armed Forces Fund Board (LTAT) is committed to maintaining a competitive dividend payout, subject to investment returns and the performance of its portfolio companies.
Defence Minister Datuk Seri Mohamed Khaled Nordin said LTAT has successfully maintained a dividend rate of at least five per cent over the past two to three years, demonstrating the agency’s resilience in navigating market challenges.
Commenting on the target of achieving a six per cent dividend, he stressed that LTAT’s management will strive to meet the projection, provided its investment companies deliver strong performance.
“The dividends depend on LTAT’s investment returns. I have asked them to intensify their efforts. If LTAT’s income is high, there is no reason not to provide higher dividends,” he told reporters at the closing ceremony of the East Coast edition of ‘Jelajah Wira LTAT’ at the Kuantan Air Base here today.
On the Future Force (Angkatan Masa Hadapan), he said the focus is on developing a force that is better trained, knowledgeable, competent, and able to leverage modern technological applications.
“In addressing existing challenges, each service cannot operate in isolation. Plans that are made must be based on integration among the three services, the Army, the Royal Malaysian Navy (RMN), and the Royal Malaysian Air Force (RMAF),” he said.
Mohamed Khaled added that the Malaysian Armed Forces (MAF), with a current strength of about 110,000 personnel, will continue its annual recruitment to achieve the targeted optimal force size.
