Walton High Tech has recently announced a cash dividend of 300% for its general shareholders in the fiscal year 2022-23. This announcement is significant due to the company’s decline of 35% in profits compared to the 2022-23 fiscal year.
Specifically for the year 2022-23, Walton reported an earnings per share (EPS) of Tk25.84, which is down from Tk40.16 in the prior year. This decline can be attributed to economic pressures and unfavorable currency fluctuations that resulted in a loss of over Tk450 crore due to taka devaluation.
Despite facing challenges Walton distributing profits by allocating a cash dividend of 300% to its general shareholders. Walton has scheduled its general meeting on October 29th  to formalize these dividend distribution’s approval by shareholders. Shareholders who wish to receive their dividends they must hold the company’s stock by the record date of October 2nd.
Source for more details:
