Consumer powerhouse Pental Limited (ASX:PTL) has declared a one-off special dividend of 0.7 cps which will be paid on 7 August 2020 (record date being 31 July 2020). This is a sign of strong performance of Pental’s portfolio of iconic brands. A proven strategy seems to show strong growth, enabling the Company to provide a generous additional dividend to shareholders amid market instability.
In the peak of COVID-19, the Company witnessed increased demand for White King range of products while FY20 has seen sales growth in all Australian sales channels.
The Company will release its FY20 results in late August 2020 and confirm its full year dividend. On 24 July 2020 at 11:47 AM AEST, PTL was trading at $ 0.39, up 6.8 %.
Penny stocks have been known to attract investors who are looking for explosive gains and it is possible to get lucky with these typically speculative investments. Just as the name suggests, penny stocks trade at low prices and are common shares of small public companies.
Get an exclusive insight into the features of penny stocks along with their pros and cons. Read about what you should be wary about when figuring out ways to invest in them, so that the possibility for big rewards does not tend to outweigh the risks.