The share price of diversified dealer Car & General (C&G) rallied by 20 percent during trading on the Nairobi Securities Exchange (NSE) on Thursday, driven by a fourfold growth in dividend payout by the firm.
The company shares traded at a high of Sh78 each during early trade, having opened at Sh65. NSE allowed the share change to exceed the intraday limit of 10 percent as it was trading following a material disclosure on the raising of its dividend for the year ended December 2025 to Sh3.42 per share from 0.80 per share the previous year, on the back of a profit rise propelled by motorcycle sales.
