Visa Steel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2011, inter alia, has recommended a dividend of 10% on Equity share of face value Rs. 10/- each, i.e. Rs. 1/- per Equity share of the Company for the Financial Year 2010-11. This is subject to the approval of shareholders in the forthcoming Annual General Meeting.The dividend if declared by the shareholders at the above meeting, will be credited / dispatched between August 01, 2011 and August 08, 2011 to the eligible members.Source : BSE