Tamilnad Mercantile Bank Ltd Dividend History
Latest Dividend
₹12.50
FY2026 · CASH
Declared On
27/04/2026
announcement date
Ex-Date
12/06/2026
last ex-dividend date
Record Date
12/06/2026
eligibility cutoff
Dividend Yield
1.44%
as of 12 Jun 2026
History of Tamilnad Mercantile Bank Ltd's Dividend payments
| Announcement Date | Ex-Date | Record Date | Type | Dividend / Share |
|---|---|---|---|---|
27/04/2026 | 12/06/2026 | 12/06/2026 | CASH | ₹12.50 |
23/04/2025 | 01/08/2025 | 01/08/2025 | CASH | ₹11.00 |
22/04/2024 | 20/09/2024 | 21/09/2024 | CASH | ₹10.00 |
24/04/2023 | 29/08/2023 | 29/08/2023 | CASH | ₹5.00 |
14/02/2023 | 24/02/2023 | 24/02/2023 | CASH | ₹5.00 |
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FAQs
What is the latest dividend declared by Tamilnad Mercantile Bank Ltd?
Tamilnad Mercantile Bank Ltd declared a dividend of ₹12.50 per share on 27 Apr 2026, with a record date of 12 Jun 2026.
When will I receive the Tamilnad Mercantile Bank Ltd dividend?
To receive the Tamilnad Mercantile Bank Ltd dividend, you must hold TMB shares before the ex-date of 12 Jun 2026. Under T+1 settlement, buying on the ex-date itself makes you ineligible. The dividend is credited to your linked bank account within 30 days of the record date.
How often does Tamilnad Mercantile Bank Ltd pay dividend?
Tamilnad Mercantile Bank Ltd pays one dividend per financial year, typically declared after Q4 board meeting results.
Is Tamilnad Mercantile Bank Ltd a good stock for dividend income?
Tamilnad Mercantile Bank Ltd's current dividend yield is 1.44%, making it a consistent dividend-paying stock.
How much tax will I pay on Tamilnad Mercantile Bank Ltd dividend?
Dividends from Tamilnad Mercantile Bank Ltd are taxable as income from other sources at your applicable income tax slab rate. TDS at 10% is deducted at source if your total dividend income from Tamilnad Mercantile Bank Ltd exceeds ₹10,000 in a financial year. NRI investors are subject to 20% TDS or applicable DTAA rate. You can claim TDS credit when filing your ITR.