Pental Limited Announces One-off Special Dividend, Stock Up 6%

  • Jul 24, 2020 AEST
  • Team Kalkine

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 %.

 


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