Dividend stocks: Investors have breathed a sigh of relief from two days of recovery amid the decline in the Indian stock market for months. After Wednesday, on Thursday, the market shut down the business with a good lead. In these two days of recovery, the Sensex has recorded a jump of 1350.16 points and the Nifty 50 has recorded a jump of 462.05 points. On Thursday, the shares of many companies saw a strong rise, including the name of Castrol India. Castrol India shares today closed up by Rs 23.55 (10.59%) on BSE at a price of Rs 245.85.
Today, 13.36% rapidly rose to Rs 252
Castrol India shares, which closed at a price of Rs 222.30 on Wednesday, opened with a huge increase on Thursday at Rs 231.95. During the trading, the company’s shares at one time rose 13.36 percent to reach the price of Rs 252.00. Apart from this, the company’s shares today also touched an intraday low of Rs 228.35. Let us tell you that the 52 week high of Castrol India shares is Rs 284.40 and 52 weeks is Rs 162.80. According to BSE data, the company’s current market cap is Rs 24,317.57 crore. But today’s fast was not very good news for the shareholders of the company. Castrol investors are also going to get strong dividend.
Investors will get a dividend of Rs 9.50 on every stock
Castrol India is the Indian unit of British oil company Castrol. Castrol India is going to give its investors a total dividend of Rs 9.5 with a special dividend of Rs 4.5 on each stock with a face value of Rs 5. The company has fixed a record date on Tuesday, March 18 for this final dividend to be given to shareholders. Investors have a chance to buy shares till March 17 to avail the dividend. The new shares purchased on March 18 will not get the benefit of dividend. According to the company, the dividend money will be sent to the bank account of investors on or before Wednesday, 23 April.
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