C&G's share price has grown tenfold in the last 12 months, making it one of the stocks with the sharpest price rallies on the NSE lately.
Car & General quadrupled H1 profit to Sh2.6B and tripled dividend to Sh1, rallying 31% on NSE. Growth from Watu (smartphone financing associate in 8 African markets) validates fintech-distribution model in emerging regions.
By
George Ngigi
Correspondent
Nation Media Group
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.
As the share price continues to rise, so has investor activity on the stock, indicating that demand is going up even as those who…
Top gainers in percentage terms include Car & General at 325 percent to Sh217 per share, Britam at 94 percent to Sh17.65 and…
The rise in the share of the industry’s NSE holding came in the period their value of quoted shares rose 75.4 percent to Sh47.46…
The company’s market capitalisation has now grown to Sh3.4 billion, driven by higher earnings and dividend payouts in a general…
Britam operates life assurance, general insurance and asset management in seven countries, including Kenya, Rwanda, Uganda,…
The company’s employees are currently paid exclusively in cash as salaries and retirement benefits.
