Walton declares 250% cash dividend

Walton, the local electrical giant, has recommended a 250 percent cash dividend for its shareholders and 170 percent cash dividend for directors and sponsors for the year ended on June 30, 2021.

The dividend payout was recommended at the company's board of directors meeting. The record date for the distribution of the declared dividend is September 5.

However, the dividends will be approved in the Annual General Meeting scheduled for September 29 on digital platform, said the company in a filing with the Dhaka Stock Exchange on Wednesday.

The company has reported Tk 54.21 in EPS and Tk 3118.59 in NAV per share during the period.

There will be no price limit on the trading of the shares of the Company on Wednesday following its corporate declaration.