PetDag extends gains on dividend plan

KUALA LUMPUR: PETRONAS DAGANGAN BHD extended its gains in early trade on Wednesday, July 6 after it proposed a special gross dividend of 25 sen and final gross dividend of 35 sen per share for the financial year ended March 31, 2011.

At 9.45am, Petronas Dagangan added 14 sen to RM16.46 with 1,400 shares traded.

The company said on July 4 the special and final dividends would be paid on Aug 28, subject to shareholders’ approval at its AGM to be held on July 28.