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BHEL, the state run power equipment maker has proposed an equity dividend of 79 percent which includes 40 percent interim dividend paid earlier, for 2016-17.
BHEL has said in a statement that “Significantly, not only is this four times the dividend paid (20 percent) in the previous year but also the highest to be paid by the company in the last three years.”
The company has said that with this, it has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly for four decades without a break.
