Walton announced 300% Cash Dividend

Industry: Electronics, Equipment & Accessories, Home Appliances, ICT Sector, Stock Market, Tecnology
Company: Walton Group
Company Intelligence Tag: Business Insights

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:

Related News

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

Bangladeshi Firms Partner with Starlink for Ground Stations

March 9, 2025

Several Bangladeshi firms have partnered with Starlink to facilitate the setup of ground earth stations in the country, signing contracts with the US-based telecommunications provider. The collaboration involves space allocation, construction support, and infrastructure maintenance. Some firms are offering their own properties, while others are considering Hi-Tech Park locations.

Satellite Transmission May Face Interruptions Amid Solar Event

March 5, 2025

Bangabandhu Satellite-I may experience temporary broadcast disruptions from March 7 to March 13 due to a solar outage, according to the Bangladesh Satellite Company Limited. These outages, known as solar satellite interference, occur when the sun aligns directly behind the satellite, affecting signal transmission.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

29 IIG Providers Still Have Tk 205 Crore Pending to BTRC

February 16, 2025

Twenty-nine international internet gateway (IIG) operators in Bangladesh owe the BTRC Tk 205 crore, with top five defaulters accounting for 77% of the outstanding sum. BTCL has the highest dues at Tk 51.58 crore, followed by Earth Telecom (Tk 32.02 crore) and Aamra Technologies (Tk 25.48 crore).

Doer Services’ Tk 5 Crore Fundraising Suspended by BSEC

January 16, 2025

The Bangladesh Securities and Exchange Commission (BSEC) has halted the Tk 5 crore fundraising by Doer Services Ltd following media reports on problematic client agreements and profitability. The regulator will form a committee with the Dhaka Stock Exchange (DSE) to investigate the issues.

Related News

DSEX Falls 0.56% to 5,174 Amid BSEC Tension

March 10, 2025

The Dhaka Stock Exchange (DSE) saw a significant decline on Sunday, with the DSEX index falling nearly 30 points, or 0.56%, to 5,174, marking its lowest level since February 10. This drop was driven by investor unease following tensions within the Bangladesh Securities and Exchange Commission (BSEC) over the forced retirement of an executive director.

Bangladeshi Firms Partner with Starlink for Ground Stations

March 9, 2025

Several Bangladeshi firms have partnered with Starlink to facilitate the setup of ground earth stations in the country, signing contracts with the US-based telecommunications provider. The collaboration involves space allocation, construction support, and infrastructure maintenance. Some firms are offering their own properties, while others are considering Hi-Tech Park locations.

Satellite Transmission May Face Interruptions Amid Solar Event

March 5, 2025

Bangabandhu Satellite-I may experience temporary broadcast disruptions from March 7 to March 13 due to a solar outage, according to the Bangladesh Satellite Company Limited. These outages, known as solar satellite interference, occur when the sun aligns directly behind the satellite, affecting signal transmission.

Singer Begins Production in BSEZ With $78M Investment

February 26, 2025

Singer Bangladesh has begun commercial production at its new plant in the Bangladesh Special Economic Zone (BSEZ) in Araihazar, Narayanganj, following a $78 million investment from Arcelik. The facility, covering 35 acres, will locally manufacture over 90% of components, reducing import dependence.

29 IIG Providers Still Have Tk 205 Crore Pending to BTRC

February 16, 2025

Twenty-nine international internet gateway (IIG) operators in Bangladesh owe the BTRC Tk 205 crore, with top five defaulters accounting for 77% of the outstanding sum. BTCL has the highest dues at Tk 51.58 crore, followed by Earth Telecom (Tk 32.02 crore) and Aamra Technologies (Tk 25.48 crore).

Doer Services’ Tk 5 Crore Fundraising Suspended by BSEC

January 16, 2025

The Bangladesh Securities and Exchange Commission (BSEC) has halted the Tk 5 crore fundraising by Doer Services Ltd following media reports on problematic client agreements and profitability. The regulator will form a committee with the Dhaka Stock Exchange (DSE) to investigate the issues.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here