Walton approves 200pc cash dividend

Walton Hi-Tech Industries Limited has approved 200 per cent cash dividend for the general shareholders and 75 per cent cash dividend for sponsors and directors for the financial year 2019-2020. 

The dividend was approved in the company’s 14^th Annual General Meeting (AGM), held virtually on Wednesday, said a press release. 

 A good number of shareholders attended the meeting remotely. 

The general investors expressed gratitude to the board of directors for declaring 200 per cent cash dividend. 

Expressing satisfaction on the company’s overall business performance in the pandemic, the general investors hoped that company’s such performance would be sustained in future. 

The company’s Vice Chairman S M Shamsul Alam presided over the meeting. 

Directors S M Ashraful Alam, S M Mahbubul Alam, SM Rezaul Alam, S M Monjurul Alam Ovee, Tahmina Afrose Tanna, Raisa Sigma Hima, Dr Ahsan H Mansur, Samsul Alam Mallick, FCA,  Professor Dr M Sadiqul Islam, PhD, FCA, Professor Dr Zakir Hossain Bhuiyan, PhD, WHIL’s Managing Director Engineer Golam Murshed, Additional Managing Directors Abul Bashar Howlader, Deputy Managing Directors Nazrul Islam Sarker, Eva Rezwana Nilu, Amdadul Haque Sarker and Alamgir Alam Sarker, Chief Financial Officer Md. Omar Faruque Ripon, FCA, Company’s Secretary Partha Protim Das FCS, among others, were also present in the AGM.

 As of June 30 2020, Walton Hi-Tech’s earnings per share (EPS) was Tk 24.21,  while its diluted EPS was recorded at Tk 24.10 and net asset value per share (NAVPS) stood at Tk 264.48 (with revaluation). 

Walton is the first listed Bangladeshi electronics company in the capital market. The company made the debut on Dhaka and Chittagong stock exchanges on September 23.