Walton recommends 250% cash dividend

The Walton Hi-Tech Industries PLC has recommended 250 per cent cash dividend or Tk 25 per share– for its shareholders for the year ended on June 30, 2022.

However, the sponsor and directors of the company will receive fewer dividends than the common shareholders. They will receive a cash dividend of 150 per cent.

The decision was taken after reviewing and approving the audited financial report for the last financial year at the company’s board meeting held on Monday.

The board of directors of the Walton Hi-Tech made the recommendation at a meeting held on Monday, the company said in an official.

The final approval of the dividend will come during the annual general meeting (AGM) scheduled to be held on September 28, while the record date was set on September 8.

The company reported earnings per share (EPS) of Tk 40.16 for the year ended on June, 2022, against Tk 54.21 of the previous year.

The paid-up capital of the company is Tk 302 crore, when the authorised capital is Tk 600 crore. The total number of shares is nearly 30 crore.

Its share price drop 0.44 per cent to Tk 1077.10 on Monday.