BHEL pays all-time high equity dividend of 320% for fiscal 2011-12

With a final dividend payout of 184%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 320% for fiscal 2011-12, as against 311.5% paid in the year before. At Rs.1,567 Crore, this is the highest-ever dividend in percentage as well as value terms paid by the company so far. With this, the company has maintained its track record of earning profits and rewarding investors by paying dividends uninterruptedly for over three decades without a break. A cheque of Rs.609.98 Crore towards the final dividend for the year 2011-12 on the equity (67.72%) held by the Government of India, was presented here today to Praful Patel, Union Minister for Heavy Industries and Public Enterprises by B.P. Rao, Chairman and Managing Director, BHEL, in the presence of S. Sundareshan, Secretary, Department of Heavy Industries. Directors on the board of BHELBSE -1.52 % as well as other senior officials of the Ministry of Heavy Industries & Public Enterprises and BHEL were also present on this occasion. more at: http://economictimes.indiatimes.com/news/news-by-industry/indl-goods/svs/engineering/bhel-pays-all-time-high-equity-dividend-of-320-for-fiscal-2011-12/articleshow/16738617.cms