Car & General up Sh746m on higher dividend payout

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

Car & General #ticker:CGEN shareholders have enjoyed a Sh746 million gain in paper wealth at the Nairobi Securities Exchange (NSE) #ticker:NSE in the last five days on heavy demand for its shares amid limited supply following the announcement of a Sh3.20 per share dividend for the year ended September 2021.

The share closed at a six-and-a-half-year high of Sh49.20 on Wednesday, a gain of 60.8 percent from the Sh30.60 it traded at ahead of the release of its financial results last Thursday.

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