Castrol India Limited manufactures and markets automotive and industrial lubricants, and provides related services in India and internationally. It provides engine oils, axle lubricants, brake fluids, auto transmission fluids, greases, chain lubricants, fork and gear oils, driveline fluids, coolants, diesel exhaust fluids, and hydraulic fluids. The company offers its products under the Castrol POWER1 ULTIMATE, Castrol MAGNATEC, Castrol Activ, Castrol CRB Turbomax, Castrol GTX SUV, and Castrol VECTON brands. It serves the automotive, industrial, marine, and oil and gas industries. The company was founded in 1910 and is based in Mumbai, India. Castrol India Limited is a subsidiary of Castrol Limited.
Castrol India Dividend Announcement
• Castrol India announced a semi annually dividend of ₹3.50 per ordinary share which will be made payable on 2024-08-28. Ex dividend date: 2024-08-07
• Castrol India annual dividend for 2024 was ₹8.00
• Castrol India annual dividend for 2023 was ₹6.50
• Castrol India's trailing twelve-month (TTM) dividend yield is 3.87%
• Castrol India's dividend growth over the last five years (2018-2023) was 6.47% year
• Castrol India's dividend growth over the last ten years (2013-2023) was -0.74% year
Castrol India Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-07 | ₹3.50 | semi annually | 2024-08-28 |
2024-03-21 | ₹4.50 | semi annually | |
2023-08-08 | ₹3.00 | semi annually | 2023-08-30 |
2023-05-04 | ₹3.50 | semi annually | 2023-06-09 |
2022-08-08 | ₹3.00 | semi annually | 2022-08-31 |
2022-06-02 | ₹3.00 | semi annually | 2022-07-07 |
2021-08-11 | ₹2.50 | semi annually | 2021-09-01 |
2021-04-22 | ₹3.00 | semi annually | 2021-05-30 |
2020-11-05 | ₹2.50 | semi annually | 2020-11-26 |
2020-06-26 | ₹3.00 | semi annually | 2020-07-16 |
2020-04-23 | ₹3.00 | semi annually | |
2019-08-08 | ₹2.50 | semi annually | 2019-08-28 |
2019-05-09 | ₹2.75 | semi annually | 2019-06-14 |
2018-08-09 | ₹2.25 | semi annually | 2018-08-29 |
2018-04-25 | ₹2.50 | semi annually | 2018-06-01 |
2017-09-05 | ₹4.50 | semi annually | 2017-09-22 |
2017-05-25 | ₹9.00 | semi annually | 2017-06-30 |
2017-05-22 | ₹4.50 | semi annually | |
2017-03-07 | ₹2.00 | semi annually | 2017-03-23 |
2016-08-05 | ₹4.50 | semi annually | 2016-08-18 |
2016-04-27 | ₹5.00 | semi annually | 2016-05-25 |
2015-08-06 | ₹4.00 | semi annually | 2015-08-28 |
2015-05-06 | ₹4.00 | semi annually | |
2014-08-04 | ₹3.50 | semi annually | 2014-08-21 |
2014-05-02 | ₹3.50 | semi annually | 2014-08-21 |
2013-08-06 | ₹3.50 | semi annually | 2013-08-22 |
2013-04-12 | ₹3.50 | semi annually | 2013-05-16 |
Castrol India Dividend per year
Castrol India Dividend growth
Castrol India Dividend Yield
Castrol India current trailing twelve-month (TTM) dividend yield is 3.87%. Interested in purchasing Castrol India stock? Use our calculator to estimate your expected dividend yield:
Castrol India Financial Ratios
Castrol India Dividend FAQ
Other factors to consider when evaluating Castrol India as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Castrol India's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Castrol India publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Castrol India distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Castrol India are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Castrol India sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Castrol India distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Castrol India declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Castrol India's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Castrol India's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.