UTI Dividend Yeild Fund declares 5% dividend

The record date for the dividend is July 27, 2010.

UTI Dividend Yield Fund declares tax-free dividend of 5% (Re.0.50 per unit on face value of Rs.10). Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.

The record date for the dividend is July 27, 2010.

All unitholders registered under the dividend option of UTI Dividend Yield Fund as on July 27, 2010 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.

The NAV per unit as on July 21, 2010 was Rs. 14.91 under the dividend option.

Source: http://www.indiainfoline.com/Markets/News/UTI-Dividend-Yeild-Fund-declares-5-percent-dividend/4888707747