UTI Dividend Yield Fund declares 8% dividend
UTI Dividend Yield Fund Tuesday declared a tax-free dividend of 8% (Re.0.80 per unit on face value of Rs 10), the record date for which has been fixed as June 8.
By INDIATIMES NEWS NETWORK |
MUMBAI: UTI Dividend Yield Fund Tuesday declared a tax-free dividend of 8% (Re.0.80 per unit on face value of Rs 10), the record date for which has been fixed as June 8.
Including this dividend, UTI Dividend Yield Fund has declared dividend of 21% for 2006-07 (April-March).
The net asset value of the open-ended equity oriented scheme as on June 4 was Rs 12.88 per unit.
UTI Dividend Yield Fund aims to provide medium to long term capital gain and/or dividend distribution by investing mainly in equity and equity related instruments which offer high dividend yield.
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