Walton pays record 350% cash dividend to shareholders

Walton Hi-Tech Industries PLC, a leading company in the engineering sector listed on the Bangladesh stock exchange, has successfully transferred the approved cash dividend for the fiscal year 2023-24 to its shareholders' bank accounts. The dividend was processed through the Bangladesh Electronic Fund Transfer Network (BEFTN) and bank transfers.

The company declared a 350% cash dividend for general shareholders and a 200% dividend for sponsors and directors, marking the highest dividend payout in the company's history. The dividend was first announced on September 4, 2024, during the 40th meeting of Walton's board of directors, and later approved at the Annual General Meeting (AGM) on October 29, 2024. Following approval, the company transferred the funds to shareholders' designated bank accounts through their BO accounts.

For shareholders whose BO accounts were missing bank account numbers, contained incorrect details, or lacked routing information, Walton sent the dividend via M.I.C.R. warrants (checks) to the addresses registered in their BO accounts.

Since Walton's first dividend payment in 2020, after being listed on the stock exchange, the company's shares have been trading in the "A" category, further cementing its strong position in the market.