Tamilnad Mercantile Bank (BOM:543596) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Tamilnad Mercantile Bank Dividend Payout Ratio?

Tamilnad Mercantile Bank's dividend payout ratio for the months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Tamilnad Mercantile Bank's Dividend Payout Ratio or its related term are showing as below:

BOM:543596' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.07 Max: 0.07
Current: 0.07

During the past 5 years, the highest Dividend Payout Ratio of Tamilnad Mercantile Bank was 0.07. The lowest was 0.07. And the median was 0.07.

BOM:543596's Dividend Payout Ratio is ranked better than
96.42% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs BOM:543596: 0.07

As of today (2024-06-06), the Dividend Yield % of Tamilnad Mercantile Bank is 1.08%.

During the past 5 years, the highest Trailing Annual Dividend Yield of Tamilnad Mercantile Bank was 2.20%. The lowest was 0.84%. And the median was 1.22%.

Tamilnad Mercantile Bank's Dividends per Share for the months ended in Mar. 2024 was ₹0.00.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tamilnad Mercantile Bank Dividend Payout Ratio Historical Data

The historical data trend for Tamilnad Mercantile Bank's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tamilnad Mercantile Bank Dividend Payout Ratio Chart

Tamilnad Mercantile Bank Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

0.07

Tamilnad Mercantile Bank Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial								0.31	-	0.29	-	-

Competitive Comparison of Tamilnad Mercantile Bank's Dividend Payout Ratio

For the Banks - Regional subindustry, Tamilnad Mercantile Bank's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tamilnad Mercantile Bank's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Tamilnad Mercantile Bank's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tamilnad Mercantile Bank's Dividend Payout Ratio falls into.

Tamilnad Mercantile Bank Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tamilnad Mercantile Bank's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	5	/	67.7
	=	0.07

Tamilnad Mercantile Bank's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0	/	15.98
	=	0.00

Tamilnad Mercantile Bank (BOM:543596) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tamilnad Mercantile Bank Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tamilnad Mercantile Bank's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tamilnad Mercantile Bank (BOM:543596) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Tamilnad Mercantile Bank Ltd (BOM:543596) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

TMB:India

Address

No. 57, Victoria Extension Road, Thoothukudi, TN, IND, 628 002

Website

https://www.tmb.in

Tamilnad Mercantile Bank Ltd is the oldest private sector bank in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. The company has a portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. The segments of the bank are Treasury, Corporate- wholesale banking, Retail banking, and Other banking business services.

Tamilnad Mercantile Bank (BOM:543596) Headlines

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