Tamilnad Mercantile Bank Dividend
Dividend criteria checks 3/6
Tamilnad Mercantile Bank is a dividend paying company with a current yield of 2.22% that is well covered by earnings.
Key information
2.2%
Dividend yield
15%
Payout ratio
| Industry average yield | 1.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹10.000 |
| Earnings per share | ₹71.22 |
| Future Dividend Yield | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 543596 has been paying a dividend for less than 10 years.
Growing Dividend: 543596 has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Tamilnad Mercantile Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (543596) | 2.2% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Banks) | 1.2% |
| Analyst forecast (543596) (up to 3 years) | n/a |
Notable Dividend: 543596's dividend (2.22%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 543596's dividend (2.22%) is in the top 25% of dividend payers in the Indian market (1.08%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.8%), 543596's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.