Walton approves 200pc cash dividend

Staff Correspondent | Published: 21:27, Dec 23,2020 | Updated: 18:31, Dec 24,2020


Walton Hi-Tech Industries Limited has approved a 200 per cent cash dividend for its general shareholders.

It also approved a 75 per cent cash dividend for sponsors and directors for the financial year 2019-2020.

The decisions came from the tech company’s 14th annual general meeting held virtually on Wednesday, said a press release.

Along with the dividend, other issues such as the company’s financial statement for the FY 2019-2020, directors’ and auditors’ reports, director’s retirement and re-appointment, appointment of the managing director and independent directors, statutory and secretarial auditors’ appointment and fixation of their remuneration were being approved.

The general investors gave their thanks messages to the board of directors for the declaration of 200 per cent cash dividend.

The company’s vice-chairman SM Shamsul Alam presided over the meeting.

Among others,  the company’s directors SM Ashraful Alam, SM Mahbubul Alam, SM Rezaul Alam, SM Monjurul Alam Ovee, Tahmina Afrose Tanna, Raisa Sigma Hima, Ahsan H Mansur, Samsul Alam Mallick, FCA,  Sadiqul Islam, Phd, FCA, Zakir Hossain Bhuiyan, Phd, WHIL’s managing director 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 and some other higher officials of the company were also present.

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

Walton is the first listed Bangladeshi electronics manufacturing company in capital market. The company made the debut on Dhaka and Chittagong stock exchanges on September 23, 2020.

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