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Templeton MIP Pays Dividend

Templeton Mutual Fund has paid dividends in its Monthly Income Plan (MIP). The record date for the same was March 20, 2002.

In the monthly dividend option, a dividend of 0.80 per cent (Rs 0.08 per unit) has been paid. This is the third consecutive dividend of 0.80 per cent from the fund. In the current financial year, the fund has paid an aggregate dividend of 10 per cent spread over twelve consecutive dividends.

The Quarterly dividend plan has paid a dividend of 3.5 per cent (Rs 0.35 per unit). The current payout is lower than the previous dividend of 3.75 per cent declared in December last year.

And in the half-yearly option, a dividend of 7.0 per cent (Rs 0.70 per unit) has been declared. This is the highest dividend paid by the fund since its launch in February 2000. The earlier payouts were - 3 per cent in Sept '00 and 2.5 per cent each in Mar and Sept '01.