Shareholders of the state-run copper maker had last month approved dividend at the rate of 20 percent on equity for the year 2013-14 at company's annual general meeting, an official statement said.
Hindustan Copper (HCL) today paid Rs 83.22 crore dividend for the year 2013-14 to the government for its 89.95 per stake in the firm.
Shareholders of the state-run copper maker had last month approved dividend at the rate of 20 percent on equity for the year 2013-14 at company's annual general meeting, an official statement said.
Union Minister of Steel, Mines, Labour and Employment Narendra Singh Tomar received the dividend cheque from HCL's Chairman and Managing Director K D Diwan. During 2013-14, HCL had achieved Rs 430.65 crore Profit Before Tax, higher by 6.7 per cent compared to the previous year.
It produced its 15-year best copper ore in last fiscal. Sales were higher by 18 per cent. HCL has been paying dividend continuously since 2010-11.
Hind Copper stock price
On October 17, 2014, Hindustan Copper closed at Rs 75.40, down Rs 0.05, or 0.07 percent. The 52-week high of the share was Rs 121.25 and the 52-week low was Rs 57.75.
The company's trailing 12-month (TTM) EPS was at Rs 3.04 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 24.8. The latest book value of the company is Rs 19.77 per share. At current value, the price-to-book value of the company is 3.81.
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