Shares in Renault hit two-month highs on Thursday after the French carmaker posted full-year 2023 net profit slightly below forecasts but reported margin and revenue gains and a huge dividend increase. Late on Wednesday the company said it would propose a dividend of 1.85 euros ($1.98) for 2023, up from 0.25 euros for 2022, joining U.S. automakers Ford and General Motors in giving more cash to investors. Renault shares were last up 4.2% at 38.18 euros, having touched their highest since mid-December, compared with a 0.9% rise in Paris' benchmark CAC 40.
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