Bangladesh: Walton announces 250% cash dividend

Dhaka — Listed Walton Hitech Industries Limited has announced a 250% cash dividend for its shareholders. The dividend has been declared after reviewing the financial statements for the financial year ended 30 June 2021.

The decision was taken at a meeting of the company’s board of directors on Tuesday after reviewing the audited financial statements for the just-ended financial year.

According to company sources, investors will receive Tk250 per share with a face value of Tk10, which is 250% of the ordinary shareholders’ cash. However, entrepreneurial managers will take 170%.

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The company’s Annual General Meeting (AGM) will be held on September 29 on the digital platform with the aim of unanimously approving the declared dividend to the shareholders. The record date has been set for 5 September.

In the outgoing year, Walton’s earnings per share (EPS) has been Tk54.21 paise. The previous year’s earnings per share were Tk24.21.

On June 30, 2021, the company’s net asset value per share (NAVPS) was Tk331.59.

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