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Tamilnad Mercantile Bank Ltd Dividend

Tamilnad Mercantile Bank Ltd Dividend

stocks purchased

₹ 0.4 Cr

Volume Transacted

(Nov 22, 2024)

stocks purchased

8.6 K

Stocks Traded

(Nov 22, 2024)

Last Updated on: Nov 23, 2024

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Tamilnad Mercantile Bank Ltd

NSE: TMB

Dividend Payout (Final)

₹ 10

Ex-Dividend Date: Sep 20, 2024

Key Highlights

  • The Dividend Payouts of Tamilnad Mercantile Bank Ltd changed from ₹ 5 on Feb 24, 2023 to ₹ 10 on Sep 20, 2024 . This represents a CAGR of 25.99% over 3 years.
  • The Latest Trading Price of Tamilnad Mercantile Bank Ltd is ₹ 443.6 as of 22 Nov 15:30 .

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Monitoring Tamilnad Mercantile Bank Ltd share price can help you stay informed about potential market shifts and opportunities.

Company Fundamentals for Tamilnad Mercantile Bank Ltd

No data available

Historical Dividend Payouts of Tamilnad Mercantile Bank Ltd

No data available

* All values are in

Dividend Payout Over Time

No data available

Dividend Yield Comparison With Top Peers

* All values are in %

Net Profit Vs Dividend Per Share

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Tamilnad Mercantile Bank Ltd

NSE: TMB

Share Price

₹ 443.6

-2.50 (-0.56%)

stock direction

Last updated on: Nov 22, 2024

SWOT Analysis Of Tamilnad Mercantile Bank Ltd

Strength

1

S

Weakness

1

W

Opportunity

0

O

Threats

0

T

BlinkX Score for Tamilnad Mercantile Bank Ltd

Revenue

Profitability

Affordability

Liquidity

Dividend

Overview of Dividend

  • <h2><strong>Types of Dividend</strong></h2><br> <h3>Special Dividend</h3> <p>A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.</p> <br> <h3>Preferred Dividend</h3> <p>A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.</p> <br> <h3>Interim Dividend</h3> <p>Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.</p> <br> <h3>Final Dividend</h3> <p>A final dividend is issued after the year's accounts have been compiled.
  • Aside from this, the following list highlights the most prevalent sorts of dividends:</p> <br>.

Types of Dividend


Special Dividend

A dividend is paid on common stock when a company has accumulated substantial profits over years, often seen as excess cash that doesn't need immediate use.


Preferred Dividend

A quarterly dividend is paid to preferred stock owners, typically accumulating a fixed amount, and is earned on shares that function more like bonds.


Interim Dividend

Companies declare interim dividends before final full-year accounts are prepared, specifically in India, during the financial year from April to March of the following year.


Final Dividend

A final dividend is issued after the year's accounts have been compiled. Aside from this, the following list highlights the most prevalent sorts of dividends:


Historical Market Cap of Tamilnad Mercantile Bank Ltd

No data available

* All values are in crore

Historical Revenue of Tamilnad Mercantile Bank Ltd

No data available

* All values are in crore

Historical EBITDA of Tamilnad Mercantile Bank Ltd

No data available

* All values are in crore

Historical Net Profit of Tamilnad Mercantile Bank Ltd

No data available

* All values are in crore

About Tamilnad Mercantile Bank Ltd

  • Tamilnad Mercantile Bank Limited was incorporated in the name of Nadar Bank Limited' on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah..
  • Subsequently, name of the Bank was changed to Tamilnad Mercantile Bank Limited', with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras.
  • Presently, the Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking and para-banking activities in addition to treasury and foreign exchange business.

Tamilnad Mercantile Bank Ltd News Hub

News

Tamilnad Mercantile Bank jumps after Q2 PAT climbs 11% YoY to Rs 303 cr

Net interest income (NII) increased by 11.82% year on year (YoY) to Rs 596crore in the qua...

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29 Oct 202411:06

News

Tamilnad Mercantile Bank to declare Quarterly Result

Tamilnad Mercantile Bank will hold a meeting of the Board of Directors of the Company on 2...

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09 Oct 202410:16

News

Tamilnad Mercantile Bank appoints Director

Shri.Vincent Menachery Devassy, pursuant to the approval of the Reserve Bank of India has ...

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27 Sep 202415:51

News

Tamilnad Mercantile Bank appoints director

Tamilnad Mercantile Bank has appointed Vincent Menachery Devassy (DIN: 09850306) as the Wh...

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25 Sep 202411:55

News

Tamilnad Mercantile Bank to hold AGM

Tamilnad Mercantile Bank announced that the 102th Annual General Meeting (AGM) of the bank...

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05 Sep 202410:08

News

Tamilnad Mercantile Bank appoints director

Tamilnad Mercantile Bank announced the appointment of R.Kanagavalli (DIN - 00883998) as an...

Read more

20 Aug 202410:33

FAQs for Dividends of Tamilnad Mercantile Bank Ltd

What is the current market price of Tamilnad Mercantile Bank Ltd as of November 23, 2024?

The current market price of Tamilnad Mercantile Bank Ltd stands at 443.6 per share.

What dividend did Tamilnad Mercantile Bank Ltd declare in the last fiscal year?

In the last fiscal year, Tamilnad Mercantile Bank Ltd declared a dividend totaling ₹10.0.

What is the most recent dividend declared by Tamilnad Mercantile Bank Ltd?

Tamilnad Mercantile Bank Ltd has declared dividend worth ₹0.0 in the latest quarter..

How many times has Tamilnad Mercantile Bank Ltd declared dividends in the current fiscal year?

Tamilnad Mercantile Bank Ltd has declared dividends 2 times totaling ₹0 in the current fiscal year (FY2024-2025).

How many times did Tamilnad Mercantile Bank Ltd declare dividends in the previous fiscal year?

In the previous fiscal year (FY2023-2024), Tamilnad Mercantile Bank Ltd declared dividends 4 times totaling ₹10.0.

What is Dividend Yield of Tamilnad Mercantile Bank Ltd?

The Tamilnad Mercantile Bank Ltd's Dividend Yield is 2.3 as of November 23, 2024

Will I get Tamilnad Mercantile Bank Ltd dividend if I have shares?

If you purchase Tamilnad Mercantile Bank Ltd stock on or after its ex-dividend date, you won’t receive the next dividend; the seller will. Buy before the ex-dividend date to receive the dividend.

Do I lose my Tamilnad Mercantile Bank Ltd dividend if I sell my shares?

Shareholders who sell their Tamilnad Mercantile Bank Ltd stock before the ex-dividend date do not receive the dividend.

How do I check if I am eligible for a Tamilnad Mercantile Bank Ltd dividend?

To be eligible for the Tamilnad Mercantile Bank Ltd dividend, you must buy the stock no later than one day before the ex-dividend date.

Is Tamilnad Mercantile Bank Ltd dividend automatically credited to a bank account?

If your bank mandate is registered with the registrar, the Tamilnad Mercantile Bank Ltd dividend amount will be automatically credited to your bank account.

Will I get Tamilnad Mercantile Bank Ltd dividend if I have shares?

If you purchase Tamilnad Mercantile Bank Ltd stock on or after its ex-dividend date, you won’t receive the next dividend; the seller will. Buy before the ex-dividend date to receive the dividend.
Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.
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