Written by The Banking Post
Walton Hi-Tech Industries has announced a 175% cash dividend and a 10% stock dividend for shareholders for the fiscal year 2024–25.
The decision came from the company’s board meeting on 3 September, according to a disclosure on its website. The annual general meeting (AGM) to approve the dividend will be held on 28 October, with 28 September set as the record date.
Despite the payout, Walton reported a decline in earnings. Its earnings per share (EPS) fell 24% year-on-year to Tk34.22, driven by lower revenue, rising finance costs, and higher distribution expenses.
In a related move, Walton also decided to merge its subsidiary, Walton Digi-Tech Industries Limited, which manufactures laptops, desktops, mobile phones, printers, e-bikes, and IT accessories.
