United Breweries Ltd has announced that the Board of Directors of the Company at its meeting held on March 16, 2007, has approved payment of Dividend @ 3% on 17,283,000 - Cumulative Redeemable Preference Shares - Series 'A' of Rs 100 each (non-Convertible) and 7,407,000 - Cumulative Redeemable Preference Shares - Series 'B' of Rs 100 each at par (non-Convertible) to Scottish & Newcastle India Ltd.