businessnews24bd.com

Walton Hi-Tech Industries PLC, the country’s leading electronics manufacturer listed on the stock market under the engineering sector, has set a new precedent in Bangladesh's capital market by disbursing cash dividends just one day after its annual general meeting (AGM).

The electronics giant directly credited the approved cash dividend for the fiscal year 2025-26 into the respective bank accounts of institutional and general investors.

The announcement was confirmed by Md. Rafiqul Islam, FCS, deputy managing director and company secretary of Walton.

He said, the 20th AGM of Walton Hi-Tech Industries was held virtually on Thursday with the active participation of institutional investors and a large number of general shareholders. During the meeting, shareholders unanimously approved a 180 percent cash dividend and a 10 percent stock dividend as recommended by the board of directors for FY26.

The cash dividend was transferred to investors' accounts within 24 hours of the meeting.

Rafiqul Islam noted that the rapid payout was made possible by the company's technological excellence, institutional operational efficiency, operational dynamism, and robust liquidity position.

Under the approved 180 percent cash dividend, shareholders received Tk 18 for each general share having a face value of Tk 10. In addition, investors are set to receive one bonus share for every 10 general shares held.

According to the company's audited financial statements for FY26, Walton registered a net profit of Tk 1,124.57 crore, up from Tk 1,036.62 crore reported in the preceding fiscal year.

Its earnings per share (EPS) rose to Tk 33.75 for the year, compared to Tk 31.11 in FY25.

The company's total net asset value (NAV) with revaluation stood at nearly Tk 12,704 crore. The NAV per share with revaluation stood at Tk 381.26, while the NAV per share without revaluation rose to Tk 280.24.

The company informed that the retained earnings funding the 10 percent stock dividend will be utilized to expand ongoing green energy capacity, secure uninterrupted power supply, and finance other modernization and expansion (BMRE) activities.