Car & General expands Meru network and raises dividend per Car & General stock

Published on 10/19/2026 at 03:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Six-month profit after tax reached KES 2.60 billion by June 2026, up from KES 637 million. Car & General stock paid KES 1.00 on September 10, 2026.

Expansion and earnings context

Car & General opened a Meru shop on September 25, 2026, during its 90th year.
Six-month turnover reached KES 15.64 billion by June 2026, up 30.00 percent year over year.
CGEN gained 156.60 percent in the third quarter through September 30, 2026.

CGEN, KE0000000109, Illustration mit AI erstellt.

Car & General (KE0000000109) expanded its Kenyan retail network with a new Meru shop on September 25, 2026, while its interim dividend rose to KES 1.00 per share. The company release says the outlet adds access to automotive, power-generation, mobility and engine products as Car & General marks 90 years in business.

Meru adds a local growth channel

The Meru facility provides products, genuine spare parts and after-sales support for customers and businesses in the region. According to Car & General on September 25, 2026, the launch formed part of a wider expansion strategy across Kenya.

The operating backdrop was strong in the first half of 2026. Local Listing Dealz reported turnover of KES 15.64 billion for the six months to June 2026, up from KES 12.03 billion, while profit after tax increased to KES 2.60 billion from KES 637 million.

What does the dividend mean for returns?

The dividend signal is positive, but the payout remains small beside the earnings jump. On August 13, 2026, Car & General raised its interim dividend to KES 1.00 per share from KES 0.30 after a fourfold increase in profit, according to Mansa Markets. The company also paid a KES 3.12 final dividend on June 30, 2026, bringing the two 2026 payments to KES 4.12 per share.

Three dates shaped the story

On June 30, 2026, Car & General paid the KES 3.12 final dividend. On August 13, 2026, it lifted the interim payout from KES 0.30 to KES 1.00. On September 25, 2026, it opened the Meru shop while celebrating 90 years of operations, making the expansion the latest dated company event.

Dividend dates set the cash timeline

The interim dividend book-closure date was September 4, 2026, and the KES 1.00 payment date was September 10, 2026. Together with the KES 3.12 final payment, the 2026 cash distribution reached KES 4.12 per share.

Growth has reset the stock narrative

Car & General stock rose 156.60 percent in the third quarter through September 30, 2026, from KES 113.00 to KES 290.00, according to Mansa Markets. That performance puts the Meru opening into a broader growth story: investors are weighing distribution expansion and sharply higher earnings more heavily than the dividend alone.

Company profile and market setting

Car & General sells and services automotive, power-generation, agricultural and industrial equipment in East Africa. The company is listed on the Nairobi Securities Exchange under CGEN, and its market profile identifies consumer services as its sector.