With a final dividend payout of 80%, Bharat Heavy Electricals (BHEL) has paid an equity dividend of 170% on the enhanced equity capital post-bonus for fiscal 2008-09, as against 152.5% paid in the year before. This includes an interim dividend of 90% paid earlier. At Rs 8,320 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 2,652 million towards the final dividend for the year 2008-09 on the equity (67.72%) held by the Government of India, was presented today to Pranab Mukherjee, Hon`ble union minister for finance by Vilasrao Deshmukh, Hon`ble union minister for heavy industries and public enterprises in the presence of Arun Yadav, Hon`ble union minister of state for heavy industries and public enterprises, Satyanarayana Dash, secretary, ministry of heavy industries & public enterprises and B.P. Rao, chairman and managing director, BHEL. (Q,N,C,F)*
Shares of the company declined Rs 8.75, or 0.35%, to trade at Rs 2,492.00. The total volume of shares traded was 35,681.00 at the BSE (12.27 p.m., Tuesday).
ref:
http://www.myiris.com/newsCentre/storyShow.php?fileR=20091020123852203&dir=2009/10/20&secID=livenews
Tuesday, October 20, 2009
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