Lubricant Giant Announces190% Dividend! Stock Surges 22% This Month; Record Date Revealed! Check Now

Castrol India, a leading player in the lubricants industry and a constituent of the BSE 500 index, has announced a significant dividend payout for its shareholders. The company has declared a final dividend of Rs 9.50 per share, including a special dividend of Rs 4.50, marking a 190% payout on each stock with a face value of Rs 5.

Castrol India Dividend Details

According to an exchange filing, Castrol India's board has proposed this final dividend for the financial year ending December 31, 2024.

"The Board of Directors at its meeting held today, i.e., Monday, 3 February 2025, inter alia, recommended a final dividend of INR 9.5/- per share of the face value of INR 5/- each (which includes a special dividend of INR 4.5/- per share) for the financial year ended 31 December 2024, subject to approval by the shareholders at the 47th Annual General Meeting," the company said in an exchange filing.

Castrol India Dividend: Record Date, Ex-Date, and Payment Date

For investors seeking to capitalize on this dividend payout, key dates to note include:

Record Date: March 18, 2025-Shareholders must hold Castrol India shares in their demat accounts by this date to qualify for the dividend.

Ex-Date: March 18, 2025-On this date, Castrol India shares will trade without the dividend value factored into their price.

Dividend Payment Date: On or before April 23, 2025-The approved dividend will be credited to eligible shareholders.

Castrol India Dividend History

Castrol India has consistently rewarded its investors with substantial dividend payouts.As per the data on the trendline, in 2024, the company issued dividends twice, totaling Rs 8 per share. Prior to this, in 2023 and 2022, Castrol India paid dividends of Rs 6.50 and Rs 6 per share, respectively.

Castrol India Share Performance

On February 24, 2025, the stock closed at Rs 214.55, with a slight dip of 0.40%. However, over the past five trading sessions, the stock has gained 3.69%. On a monthly scale, Castrol India shares have surged 22.68%, while in the last year, they have recorded an 8.11% increase. Castrol India shares have touched a 52-week high of Rs 284.40 and a 52-week low of Rs 162.60.

About Castrol India

Castrol India is a top firm in the lubricants industry, manufacturing and marketing a wide range of automotive and industrial lubricants. The company specializes in motorcycle engine oils, brake fluids, chain lubricants, and greases, catering to both retail and commercial segments. The company was founded in the year 1910 and is a subsidiary of BP Group. Castrol India has a strong market presence and a well-established distribution network across the country.