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Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading account, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, mutual fund, sovereign gold bond scheme, money transfer, forex, treasury, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, house rent, pension, doctor, education, jewel, pension, NRI, commercial vehicle, traders and service, MSME, rice and dhall mill, doctor, and Mahalir loans, as well as loans against properties and sovereign gold bonds; vehicle finance for educational institutions; secured overdraft facilities; and microenterprise, pharma, and channel finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited on November 26, 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.

Tamilnad Mercantile Bank Dividend Announcement

• Tamilnad Mercantile Bank announced a annually dividend of ₹10.00 per ordinary share which will be made payable on 2024-10-27. Ex dividend date: 2024-09-20
• Tamilnad Mercantile Bank annual dividend for 2024 was ₹10.00
• Tamilnad Mercantile Bank annual dividend for 2023 was ₹10.00
• Tamilnad Mercantile Bank's trailing twelve-month (TTM) dividend yield is 2.26%

Tamilnad Mercantile Bank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-20₹10.00annually2024-10-27
2023-08-29₹5.00annually2023-10-05
2023-02-24₹5.00annually2023-03-16

Tamilnad Mercantile Bank Dividend per year

Tamilnad Mercantile Bank Dividend Yield

Tamilnad Mercantile Bank current trailing twelve-month (TTM) dividend yield is 2.26%. Interested in purchasing Tamilnad Mercantile Bank stock? Use our calculator to estimate your expected dividend yield:

Tamilnad Mercantile Bank Financial Ratios

P/E ratio6.22
PEG ratio0.30
P/B ratio0.83
ROE13.98%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Tamilnad Mercantile Bank Dividend FAQ

Does Tamilnad Mercantile Bank stock pay dividends?
Tamilnad Mercantile Bank does not currently pay dividends to its shareholders.
Has Tamilnad Mercantile Bank ever paid a dividend?
No, Tamilnad Mercantile Bank has no a history of paying dividends to its shareholders. Tamilnad Mercantile Bank is not known for its dividend payments.
Why doesn't Tamilnad Mercantile Bank pay dividends?
There are several potential reasons why Tamilnad Mercantile Bank would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Tamilnad Mercantile Bank ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Tamilnad Mercantile Bank has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Tamilnad Mercantile Bank a dividend aristocrat?
Tamilnad Mercantile Bank is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Tamilnad Mercantile Bank a dividend king?
Tamilnad Mercantile Bank is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Tamilnad Mercantile Bank a dividend stock?
No, Tamilnad Mercantile Bank is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Tamilnad Mercantile Bank stocks?
To buy Tamilnad Mercantile Bank you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Tamilnad Mercantile Bank stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.