Walton Hi-Tech announces 350 percent dividend

by times news cr

2024-09-05 23:44:28

Senior Correspondent || risingbd.com

Published: 21:02, 4 September 2024

The board of directors of listed engineering company Walton Hi-Tech Industries Plc has declared 350 per cent dividend for common shareholders. Its all cash dividends. As a result, ordinary shareholders will get a dividend of 35 rupees against each share worth 10 rupees.

Walton Hi-Tech announces 350 percent dividend

At the same time, the company announced a cash dividend of 200 percent for its entrepreneurs or directors. As a result, the founders or directors of the company will get a dividend of 20 taka against each share worth 10 taka.

This dividend has been declared for the shareholders after reviewing the audited financial report for the financial year ended June 30, 2024.

The board of directors of the company has decided to pay this dividend after reviewing and approving the audited financial report for the financial year ended June 30, 2024 at the company’s board meeting held on Wednesday (September 4).

According to the information, the 18th Annual General Meeting (AGM) of Walton Hi-Tech Industries Plc will be held on October 29 at 12 noon on hybrid system to approve the declared dividend. And the record date in this regard has been fixed on September 30.

The company’s earnings per share (EPS) for the financial year ended June 30, 2024 stood at Tk 44.78. The profit per share was Rs.25.84 in the corresponding period of the previous financial year.

The company’s net operating cash flow per share (NOCFPS) stood at Tk 56.96. The company’s NOCFPS stood at Rs 111.84 during the corresponding period of the previous financial year.

Meanwhile, the company’s net asset value per share (NAVPS) stood at Tk 379.30 with revaluation at the time of discussion. In the same period of the previous financial year, the NAVPS of the company was Rs.343.73.

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