Reliance mutual declares dividend in interval fund

Reliance Capital Asset Management Ltd. said on Wednesday it will pay 0.264986 rupee per unit dividend in retail and institutional plan of Reliance Interval Fund-Quarterly Interval Fund Series II.

The asset manager has fixed August 6 as the record date. The fund house managed assets worth about 599 billion rupees at the end of June, data from Association of Mutual Funds in India showed.

Infy investors to make moolah with 130% dividend

BANGALORE: IT bellwether Infosys Technologies Ltd Friday declared a final dividend of Rs 6.50 per share, 130 percent on par value of Rs 5 per share for fiscal 2006-07, amounting to Rs 3.71 billion ($86 million).

In a notification to the stock exchanges here, the company said with an interim dividend of Rs 5 per share (100 percent of Rs 5 per share), amounting to Rs 2.78 billion, the total dividend for the entire fiscal (FY 2007) would be Rs.11.50 per share. This would be 230 per cent on par value of Rs 5 per share, with a payout of Rs 6.49 billion.

The decision to reward its shareholders handsomely was taken by the company's board of directors, which met here to approve the financial results for the fiscal under review.

For the previous fiscal (FY 2006), the blue-chip firm rewarded its investors with a silver jubilee dividend of 600 percent and a 1:1 bonus issue.