State-owned power equipment maker Bharat Heavy Electricals Ltd(BHEL) has paid a final equity dividend of 39 per cent for 2016-17.
With this, the total dividend paid during the year stands at 79 per cent, including an interim one of 40 per cent paid earlier, BHEL said in a statement today.
The figure is four times the dividend paid in the previous year and its highest in the last three years.
In value terms, the total dividend for 2016-17 amounts to Rs 386.72 crore. With the move, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for four decades without a break. Read More…