DCW Ltd has informed the Indian stock exchanges that, the Board of directors of DCW, at their meeting held on April 20, 2007 have recommended a dividend of 10%, which works out to Rs.0.20 per equity share of face value Rs.2 each. The dividend is subject to statutory approval by the shareholders of DCW at the ensuing AGM. The DCW stock was down 3% today at Rs. 13 at the closing bell.