PETRONAS Dagangan Berhad (KLSE:PETDAG) is about to trade ex-dividend in the next three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company’s books on the record date. This means that investors who purchase PETRONAS Dagangan Berhad’s shares on or after the 6th of June will not receive the dividend, which will be paid on the 19th of June.
The company’s next dividend payment will be RM00.18 per share, and in the last 12 months, the company paid a total of RM0.80 per share. Looking at the last 12 months of distributions, PETRONAS Dagangan Berhad has a trailing yield of approximately 4.0% on its current stock price of…
