Bharat Heavy Electricals (BHEL), an integrated power plant equipment manufacturer, announced that it has paid a final equity dividend of 76% for fiscal 2013-2014.

In value terms, the total dividend paid for fiscal 2013-14 amounts to Rs 6.93 billion, which is 141.5% of the paid-up capital. With this the company has maintained its impeccable track record of rewarding investors by paying dividends uninterruptedly since 1976-77.

In spite of fiscal 2013-14 being an extremely challenging year for BHEL, the company has been successful in navigating through such a constrained business environment. BHEL achieved a turnover of Rs 403.38 billion and a net profit of Rs 34.61 billion during 2013-14. The resilience of the company is evident from the net profit margin of 9% which is still higher than many industry peers.

Shares of the company declined Rs 1.3, or 0.65%, to settle at Rs 199.65. The total volume of shares traded was 367,253 at the BSE (Wednesday).