TMB
Tamilnad Mercantile Bank Ltd
₹479.05
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 ₹7,550.20Cr. Its share price is ₹479.05 as on 16 September,2024.
The dividend is a percentage of earnings paid out to shareholders. Last year, Tamilnad Mercantile Bank Ltd gave ₹10 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 2023, Tamilnad Mercantile Bank Ltd has declared dividend of ₹5 - translating a dividend yield of 2.09%.
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 ₹1,514.87Cr in the quarter ending June 2024. The revenue grew by 14.51% year on year basis since last quarter.
- Tamilnad Mercantile Bank Ltd’s profits were ₹287.29Cr in the quarter ending June 2024. The profits grew by 9.98% year on year basis since last quarter.
- Tamilnad Mercantile Bank Ltd’s dividend was ₹5 in the quarter ending March 2023.
Tamilnad Mercantile Bank Ltd Dividend related ratios:
- Last dividend date: 24/04/2023
- Current Dividend Yield: 2.09%
- Annual dividend payment: ₹10
History of Tamilnad Mercantile Bank Ltd's Dividend payments
| Ex/EFF DATE | TYPE | CASH AMOUNT | DECLARATION DATE | RECORD DATE |
|---|---|---|---|---|
29/08/2023 | CASH | ₹5 | 24/04/2023 | 29/08/2023 |
24/02/2023 | CASH | ₹5 | 14/02/2023 | 24/02/2023 |
