The share price of diversified dealer Car and General rallied by 31.3 percent during trading on the Nairobi Securities Exchange (NSE) on Thursday, after it more than tripled its interim dividend payout.
The firm's shares touched a high of Sh285 each during the day, before closing at Sh242.25 per share-- marking a 11.2 percent gain, having opened at Sh217. NSE allowed the share change to exceed the intraday limit of 10 percent as it was trading following material disclosure raising its interim dividend to Sh1 per share from Sh0.30 per share the previous year, on the back of a fourfold profit rise.
