Dividend plays pay?


Dateline 2016-02-27, The Star:

 

The only company that has bugged the trend is Petra Energy Bhd (PEnergy).

The company has in total declared a dividend of 10 sen per share, including a special dividend of six sen per share, for the financial year (FY) ended Dec 31, 2015. This compared with a total dividend of only two sen per share in the preceding year.

The increase in PEnergy’s dividend payout is in line with the company’s earnings, which grew 47% year-on-year (y-o-y), and cash position, which swelled five times to RM165mil, in FY2015.

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