Tamilnad Mercantile Bank Dividend
Dividend criteria checks 3/6
Tamilnad Mercantile Bank is a dividend paying company with a current yield of 2.06% that is well covered by earnings.
Key information
2.1%
Dividend yield
15%
Payout ratio
Industry average yield | 1.0% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹67.70 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether TMB's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TMB's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Tamilnad Mercantile Bank Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TMB) | 2.1% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Banks) | 1.0% |
Analyst forecast in 3 Years (TMB) | n/a |
Notable Dividend: TMB's dividend (2.06%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: TMB's dividend (2.06%) is in the top 25% of dividend payers in the Indian market (1.18%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.8%), TMB'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.