TMB
Tamilnad Mercantile Bank Ltd
₹417.80
Tamilnad Mercantile Bank Ltd Dividend 2024 : Should Tamilnad Mercantile Bank Ltd be a part of your dividend portfolio?
Tamilnad Mercantile Bank Ltd is one of the most popular Banks company in the world with a market capitalisation of ₹6,612.76Cr. Its share price is ₹417.80 as on 21 February,2025.The dividend is a percentage of earnings paid out to shareholders. Last year, Tamilnad Mercantile Bank Ltd gave ₹15 for the full year, but should it be a part of your investments that give good dividends?
Key Highlights
- Banks stocks do not always pay a dividend but as Tamilnad Mercantile Bank Ltd pays dividends to reward its shareholders.
- In the quarter ending March 2024, Tamilnad Mercantile Bank Ltd has declared dividend of ₹10 - translating a dividend yield of 3.59%.
Let's look at Tamilnad Mercantile Bank Ltd’s capacity to pay dividends and consider its valuation to determine its virtues as a dividend stock:
- Tamilnad Mercantile Bank Ltd’s revenue were ₹1,519.94Cr in the quarter ending December 2024. The revenue grew by 9.57% year on year basis since last quarter.
- Tamilnad Mercantile Bank Ltd’s profits were ₹300.24Cr in the quarter ending December 2024. The profits grew by 5.63% year on year basis since last quarter.
- Tamilnad Mercantile Bank Ltd’s dividend was ₹10 in the quarter ending March 2024.
Tamilnad Mercantile Bank Ltd Dividend related ratios:
- Last dividend date: 22/04/2024
- Current Dividend Yield: 3.59%
- Annual dividend payment: ₹15
History of Tamilnad Mercantile Bank Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
20/09/2024 | CASH | ₹10 | 22/04/2024 | 21/09/2024 |
29/08/2023 | CASH | ₹5 | 24/04/2023 | 29/08/2023 |
24/02/2023 | CASH | ₹5 | 14/02/2023 | 24/02/2023 |
Tamilnad Mercantile Bank Ltd Dividend v/s Tamilnad Mercantile Bank Ltd Share price
Discover More Dividend Stocks in Banks Sector
FAQs
What is current market price of Tamilnad Mercantile Bank Ltd (as on 21/02/2025)?
Tamilnad Mercantile Bank Ltd current market price is ₹417.80 per share
What is the dividend declared by Tamilnad Mercantile Bank Ltd in the last year?
Tamilnad Mercantile Bank Ltd has declared dividend worth ₹10 in the last year.
What is the latest dividend declared by Tamilnad Mercantile Bank Ltd?
Tamilnad Mercantile Bank Ltd has declared dividend worth ₹10 in the latest quarter.
When was the latest dividend declared by Tamilnad Mercantile Bank Ltd?
Tamilnad Mercantile Bank Ltd has declared dividend on 22/04/2024 of ₹10.
How many times did Tamilnad Mercantile Bank Ltd declare dividend in the current financial year?
Tamilnad Mercantile Bank Ltd has declared dividend 1 times of ₹10 in the current financial year (FY2024-2025)
How many times did Tamilnad Mercantile Bank Ltd declare dividend in the previous financial year?
Tamilnad Mercantile Bank Ltd has declared dividend 1 times of ₹5 in the previous financial year (FY2023-2024)