Tata Mutual Fund has declared a seven per cent dividend under its Equity Opportunities Fund. The record date for the dividend was declared on Wednesday. The net asset value (NAV) of the scheme under the dividend option stood at Rs 13 per unit, according to Tata MF release on Wednesday. The mutual fund paid 10 per cent dividend on March 4, 2004 and the total income (dividend) payout for the last 13 months was 92 per cent, the release added.