Walton declares 175% cash, 10% stock dividend for FY25
To approve the dividend, the company will conduct the annual general meeting on 28 October, and the record date is set for 28 September.
Walton Hi-Tech Industries has proposed to pay a 175% cash and 10% stock dividend to its shareholders for the fiscal year 2024-2025.
The decision was taken at the company's board meeting held today (3 September), according to the price sensitive statement filed on its website.
To approve the dividend, the company will conduct the annual general meeting on 28 October, and the record date is set for 28 September.
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In the last fiscal year, its earnings per share dropped by 24% to Tk34.22, compared to the previous year.
The company said, profit declined mainly due to lower revenue, higher finance costs and increased distribution expenses.
Meanwhile, the company also decided to merge Walton Digi-Tech Industries Limited, which engaged to produce laptop, desktop, mobile, printers, electric bikes and IT accessories.
