BHEL pays final equity dividend of 39 % for fiscal 2016-17

With this the total dividend paid in the year stands at 79 % including an interim dividend of 40 % paid earlier.

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Thesynergyonline Energy Bureau

NEW DELHI, OCTOBER 04 :

Bharat Heavy Electricals Limited (BHEL) has paid a final equity dividend of 39 per cent for fiscal 2016-17. With this, the total dividend paid during the year stands at 79 per cent, including an interim dividend of 40 per cent, paid earlier.

A cheque for Rs 120.39 crore towards the final dividend for the year 2016-17 on the equity (63.06 %) held by the Government of India, was presented to Mr Anant G. Geete, Union Minister of Heavy Industries and Public Enterprises by Mr Atul Sobti,Chairman and Managing Director, BHEL.
--BHEL statement

Directors on the board of BHEL as well as other senior officials of the Ministry of Heavy Industries & Public Enterprises and BHEL were also present on this occasion.

Significantly, not only is this four times the dividend paid in the previous year but also the highest dividend to be paid by the company in the last three years. In value terms, the total dividend for fiscal 2016-17 amounts to Rs.386.72 crore. With this, the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for four decades without a break.