UTI Petro has declared a dividend of 20 per cent (i.e. Rs.2.00 per unit on face value of Rs.10). The record date for the dividend is October 20, 2004. This is the sixth dividend declared by the scheme since its inception in 1999 and the second one during this calendar year.
UTI Petro, launched in May 1999 is an open-ended equity scheme, which invests in stocks of companies engaged in the area of oil and gas exploration & drilling, refining, petrochemicals, constructing and managing pipelines etc.