BHEL Pays all-time high equity dividend of 311.5 percent for fiscal 2010-11
With a final dividend payout of 179%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 311.5% for fiscal 2010-11, as against 233% paid in the year before. This includes an interim dividend of 133% paid earlier. At Rs.15,248 Million, this is the highest-ever dividend paid by the company so far.
With this, the company has maintained its unmatched track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break.
A cheque of Rs.5934 Million towards the final dividend for the year 2010-11 on the equity (67.72%) held by the Government of India, was presented here today to Mr. Praful Patel, Union Minister for Heavy Industries and Public Enterprises by Mr. B.P. Rao, Chairman and Managing Director, BHEL in the presence of Sh. S. Sundareshan, Secretary, Department of Heavy Industries and other senior officers of the Ministry of Heavy Industries and BHEL.