JL Morison India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has recommended the payment of dividend on equity shares @ Rs. 1/- (Rupee One only) per share i.e. 10% of the paid up equity capital of Company for the year ended March 31, 2011, subject to the approval of the shareholders in the forthcoming Annual General Meeting of the Company.Source : BSE