Car & General quadruples dividend on profit jump

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Mr Vijay Gidoomal (left), Car and General chief executive officer, and board chairman Mr Nicholas Nganga. FILE PHOTO | NMG

Diversified trading group Car & General #ticker:CGEN is quadrupling its dividend payout to Sh3.2 per share besides proposing a one-for-one bonus share after posting strong results for the year ended September.

The company had paid a dividend of Sh0.8 per share for the prior year. The new proposed distribution will be made on March 24 to shareholders on record as of February 25.

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