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28 April, 2017 04:00 IST
UTI Dividend Yield Fund declares dividend of 5.50%
Source: IRIS | 24 Dec, 2015, 12.54PM
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UTI Dividend Yield Fund declares tax-free dividend of 5.50% (Re.0.55  per unit on face value of Rs.10) under dividend option-existing plan and dividend option-direct plan. Pursuant to the payment of dividend, the NAV of the dividend option-existing plan and dividend option-direct plan of the scheme would fall to the extent of payout.

The record date for the dividend is Dec. 28, 2015.

All unit holders registered under the dividend option-existing plan and dividend option- direct plan of UTI Dividend Yield Fund as on the record date will be eligible for this dividend. Also investors who join the dividend option-existing plan and dividend option-direct plan of the scheme on or before the cut off time of the record date will be eligible for the dividend.

The NAV of UTI Dividend Yield Fund on Dec. 22, 2015 under dividend option-existing plan was Rs.15.1384 and under dividend option-direct plan was Rs.16.1758.

UTI-Dividend Yield Fund is an open-ended equity oriented scheme. Swati Kulkarni is the fund manager of the scheme.

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