The Indian stock market has fallen up to 14% from its record highs just five months ago. Specifically, the Sensex and Nifty have fallen by 13.4% and 14.2%, respectively, from their peaks at the end of September last year.
This correction comes amid weak global cues, a lacklustre Q3 earnings season, concerns over US President Donald Trump’s reciprocal tariff threats, and persistent selling by foreign institutional investors (FIIs).
In 2025 alone, the Sensex has declined 4.72% and the Nifty, 4.62%.
In these uncertain times, investors are increasingly seeking safe harbours that offer capital preservation and consistent returns. Dividend-paying stocks are emerging as an attractive option.
With this in mind, here are four stocks that are set to turn ex-dividend in March 2025.
Castrol India
First on the list is Castrol India.
The company has declared a dividend payment of Rs 9.5 or 190% on a face value of Rs 5. The record date for the same is 18 March 2025.
Castrol India in 2024 paid dividends on two occasions, aggregating to Rs 8 per share. The company has a good dividend track record. It has consistently declared dividends for the last 5 years.
Looking at the long-term picture, Castrol India has maintained an average dividend payout ratio of 79.1% over the past five years, with an average dividend yield of 4.5%.
The company’s consistency is further highlighted by its declaration of 50 dividends since 2000, making it one of the most reliable dividend stocks in the Indian market.
Castrol India is a prominent subsidiary of the global lubricants brand Castrol, part of BP (British Petroleum). It has been a significant player in the Indian lubricant industry since 1910.
Its product portfolio includes engine oils, transmission fluids, and speciality products for various vehicles, as well as oils and greases for industrial applications.
SBI Life Insurance
Next on the list is SBI Life Insurance.
On 25 February 2025, the company announced that its board of directors will consider an interim dividend on equity shares for FY25 on Friday, 28 February. The record date for dividend eligibility is set for 7 March 2025.
In FY24,
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