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 ₹7,311.88Cr. Its share price is ₹456.80 as on 4 October,2024.
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 3.28%.
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 ₹10 in the quarter ending March 2024.
Tamilnad Mercantile Bank Ltd Dividend related ratios:
Last dividend date: 22/04/2024
Current Dividend Yield: 3.28%
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