Dishman Pharmaceuticals & Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2009, inter alia, has recommended payment of dividend @ 60% on the paid up share capital of Rs 16,13,94,272/- (i.e. Rs 1.20/- per equity share of Rs 2/- each) for the Financial Year 2008-09, subject to approval of members in the ensuing Annual General Meeting.