Australia's Pental hits three-month high on special dividend

Prestal Holdings

24/07/2020 01:33

** Shares of cleaning products maker Pental Ltd  PTL.AX 
jump as much as 12.3% to A$0.410, in their biggest intraday pct
gain since April 24
    ** Co to pay a one-off special dividend of 0.7 Australian
cents per share on Aug. 7  urn:newsml:reuters.com:*:nFWN2EU1FX
    ** Co says it has seen sales growth in all of its Australian
channels in FY20 and exports markets, including New Zealand and
China, experiencing solid growth
    ** Stock hits its highest level since April 27, set for a
second straight session of gains 
    ** About 476,000 shares change hands, compared with the
30-day average vol of 157,900 shares 
    ** As of last close, stock up about 12% this year

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))