Friday, June 22, 2012

Dividend Yield Fund from UTI declares dividend

Last few years equity market has not performed well. Many people in this times go for defensive play where they select stocks which gives high dividend. This strategy is called Dividend yield strategy. There is once such fund which works on this idea its called UTI Dividend Yield Fund. For last few years it has performed excellently well compared to benchmarks.

UTI dividend Yield has given a return of 11.6% CAGR vs the Benchmark returns of 3.5% and category average is mere 3.3% for over 5 year period.

There is a dividend declaration in UTI Dividend Yield Fund.
The dividend will be 4% of face value or upto 90% of distributable surplus as on the record date, whichever is lower.
The record date for dividend is 26 June 2012.
Last Dividend declared was in November 2011.

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