Tamilnad Mercantile Bank Ltd Dividend History & Latest Dividend 2026
Tamilnad Mercantile Bank last declared a final dividend of ₹12.50 per share on 27 April 2026. The ex-date was 12 June 2026 and the record date was 12 June 2026. Trailing 12-month dividend yield is 1.54% as of 29 October 2026.
Latest Dividend
₹12.50
FY2026 · Final
Declared On
27 Apr 2026
announcement date
Ex-Date
12 Jun 2026
last ex-dividend date
Record Date
12 Jun 2026
eligibility cutoff
TTM Yield
1.54%
as of 29 Oct 2026
Tamilnad Mercantile Bank Dividend History
5 dividends declared, newest first
| Announcement | Ex-Date | Record Date | Type | Dividend / Share | Adjusted Dividend / Share | Yield at Ex-Date |
|---|---|---|---|---|---|---|
| 27 Apr 2026 | 12 Jun 2026 | 12 Jun 2026 | Final | ₹12.50 | ₹12.50 | 1.63% |
| 23 Apr 2025 | 1 Aug 2025 | 1 Aug 2025 | Final | ₹11.00 | ₹11.00 | 2.48% |
| 22 Apr 2024 | 20 Sep 2024 | 21 Sep 2024 | Final | ₹10.00 | ₹10.00 | 2.08% |
| 24 Apr 2023 | 29 Aug 2023 | 29 Aug 2023 | Final | ₹5.00 | ₹5.00 | 0.93% |
| 14 Feb 2023 | 24 Feb 2023 | 24 Feb 2023 | Interim | ₹5.00 | ₹5.00 | 1.10% |
Tamilnad Mercantile Bank Dividend Summary
Based on dividends up to FY2026, adjusted for bonus issues and splits
Consecutive years paid
4
financial years, up to FY2026
5Y total adjusted dividend
₹43.50
per share
Latest payout ratio
15%
FY2026 DPS ÷ EPS
Payout frequency
Annual
1 dividend in FY2026
Dividend per Share vs Earnings per Share
Adjusted dividend per share and EPS for each completed financial year, on one ₹ scale
| Financial Year | EPS | Adjusted DPS |
|---|---|---|
| FY2026 | ₹84.47 | ₹12.50 |
| FY2025 | ₹74.69 | ₹11.00 |
| FY2024 | ₹67.70 | ₹10.00 |
| FY2023 | ₹68.06 | ₹10.00 |
How Much Dividend Would You Receive?
Gross amount at the latest dividend of ₹12.50 per share
Gross dividend
₹1,250.00
100 × ₹12.50 per share
Calculated at the latest declared dividend of ₹12.50 per share, before tax. Past dividends do not indicate future dividends.
About Tamilnad Mercantile Bank's Dividend Record
Tamilnad Mercantile Bank has paid a dividend in each of the last 4 financial years, up to FY2026. The total adjusted dividend over the five financial years up to FY2026 is ₹43.50 per share. The FY2026 payout ratio was 15%, based on earnings per share of ₹84.47. The trailing 12-month dividend yield is 1.54% as of 29 October 2026, based on dividends of ₹12.50 per share and a share price of ₹811.85.
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FAQs
What is the latest dividend declared by Tamilnad Mercantile Bank?
Tamilnad Mercantile Bank declared a final dividend of ₹12.50 per share on 27 April 2026, with a record date of 12 June 2026.
When will I receive the Tamilnad Mercantile Bank dividend?
Shareholders on record as of 12 June 2026 are eligible for the Tamilnad Mercantile Bank dividend. It is credited to the bank account linked to the shareholder's demat account.
What are the ex-dividend date and record date for Tamilnad Mercantile Bank?
The ex-date is 12 June 2026 and the record date is 12 June 2026. Under the T+1 settlement cycle, investors generally need to buy shares before the ex-date to be eligible for the dividend.
How often does Tamilnad Mercantile Bank pay a dividend?
Tamilnad Mercantile Bank has paid a dividend in each of the last 4 financial years, up to FY2026. In FY2026 its payout frequency was annual.
What is Tamilnad Mercantile Bank's dividend yield?
Tamilnad Mercantile Bank's trailing 12-month dividend yield is 1.54% as of 29 October 2026, based on ₹12.50 of dividends per share during the previous 12 months and a share price of ₹811.85.
How is the Tamilnad Mercantile Bank dividend taxed?
Dividends from Tamilnad Mercantile Bank 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 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.
How can I check whether I received the Tamilnad Mercantile Bank dividend?
Check the bank account linked to your demat account for the dividend credit. Where applicable, tax deducted at source also appears in your Form 26AS and AIS.