United Breweries Board recommends 10% dividend

United Breweries Ltd has announced that the Board of Directors of the Company at its meeting held on June 22, 2007, inter alia, has recommended payment of an additional Dividend @ 10% on Equity Shares of Re 1 each for the Financial Year 2006-2007, Including the Interim Dividend already paid @ 15%, the total Dividend outflow for the year ended Match 31, 2007 will be 25% post confirmation by the Members at the Annual General Meeting to be held in August 2007.

The stock closed on Friday at Rs.293, down by Rs.4.65 or 1.56%. The total traded quantity was 14694 compared to 2 week average of 274114. The stock hit an intraday high of Rs.299.85 and low of Rs.291.50.

Source : Equity Bulls

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