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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Renault shares surge on dividend boost

(Sharecast News) - Shares in Renault made strong gains on Thursday after the French carmaker rewarded investors with a large dividend hike.

The company announced late on Wednesday that it was declaring €1.85 euro-a-share payout for 2023, up from 0.25 euros a year earlier.

Group revenue rose 13% to €52.4bn, while net profit was slightly below forecasts. Net profit was €2.315bn compared with a loss for 2022 of €716m, which included the automaker's exit from Russia, and missed an average estimate of €3.52bn.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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