Tamilnad Mercantile Bank Ltd initiates Final Dividend to reward investors in 2026
2.39%
Div. Yield
14.77%
Payout Rat.
Tamilnad Mercantile Bank Ltd has announced an Final Dividend for the year 2026, paying ₹12.50 per share. To qualify for this dividend, investors must own shares before June 11, 2026, the ex-dividend date. With its stock priced at ₹738.95, this payout is expected to be positively received by the market.
In 2025, Tamilnad Mercantile Bank Ltd rewarded its shareholders with a Final Dividend of ₹11.00 per share. The company’s dividend payout ratio of 14.77% reflects its commitment to distributing profits while maintaining strong financial health. With a dividend yield of 2.39%, investors can gauge the return relative to the stock price.
Dividend Yield History
| Year | Yield |
|---|---|
| 2026 | 2.39% |
| 2025 | 2.48% |
| 2024 | 2.05% |
| 2023 | 1.09% |
Dividend Payment History
| Ex-Div Date | Amount | Type | Share Price |
|---|---|---|---|
| June 11, 2026 | ₹12.50 | Final Dividend | ₹738.95 |
| July 31, 2025 | ₹11.00 | Final Dividend | ₹444.3 |
| September 19, 2024 | ₹10.00 | Final Dividend | ₹488.85 |
| August 28, 2023 | ₹5.00 | Final Dividend | ₹535.5 |
| February 23, 2023 | ₹5.00 | Interim Dividend | ₹457.35 |
Dividend Stars
| Stock Name | Median Yield | Current Yield |
|---|---|---|
 Oracle Financial Services Software Ltd NSE: OFSS | 5.41% | 4.03% |
 Indian Oil Corporation Ltd NSE: IOC | 3.81% | 4.84% |
 Cesc Ltd NSE: CESC | 3.08% | 3.93% |
 Gail India Ltd NSE: GAIL | 3.02% | 5.25% |
 Bajaj Auto Ltd NSE: BAJAJ-AUTO | 2.97% | 2.32% |
FAQs
Tamilnad Mercantile Bank Ltd has declared dividend worth ₹12.50
Tamilnad Mercantile Bank Ltd has declared dividend on June 11, 2026
As of June 8, 2026, the dividend yield for Tamilnad Mercantile Bank Ltd is 2.39%
The most recent dividend payment for Tamilnad Mercantile Bank Ltd was ₹12.50 per share.
The current dividend payout ratio for Tamilnad Mercantile Bank Ltd is 14.77%
