UTI Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI-CRTS) declares a dividend resulting in gross pay out of 6.5% (Rs.6.5 per unit on a face value of Rs.100/-) under dividend option-existing plan and dividend option –direct plan. This pay out includes the applicable dividend distribution tax.
The record date for the dividend is July 14, 2016.
Considering the dividend distribution tax, the net payout translates into a dividend of 4.35% (Rs.4.35 per unit on a face value of Rs.100/-) for the UTI-CRTS investors, says a press release issued by the company.
The NAV of UTI CRTS on July 8, 2016 under dividend option-existing plan was Rs.150.0134 and under dividend option-direct plan was Rs.152.2002.
