Prudential ICICI Power declares 20% dividend

The Trustees have approved March 16, 2007 as the record date for declaration of 20% (Rs.2.0) dividend under the dividend option of the Prudential ICICI Power Scheme. Accordingly, dividend will be paid to all the unitholders whose names appear on the Register of unitholders of the respective Schemes, at the close of business on March 16, 2007 subject to availability of distributable surplus under the respective Scheme at the recommended rate(s).

The face value of the unit is Rs.10. It should be noted that pursuant to payment of dividend, the NAV of the Schemes would fall to the extent of dividend payout and statutory levy if any.

Past performance may or may not be sustained in the future and should not be used as a basis of comparison with other investments. Please read the Offer Documents/Addendums of the Schemes carefully before investing.

Source : Equity Bulls

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