Dividend Stocks: When this bank’s NPA reduced, it gave the gift of dividend to the investors.

Tamilnad Mercantile Bank Limited has announced the results of the fourth quarter of the last financial year. Along with the information about earnings and profits, the bank has also announced a good news for the investors. The bank has announced dividend for investors. In the exchange filing, the bank has informed that the meeting of the Board of Directors was held on 22 April 2024. In this meeting the board has announced to give dividend.

The bank said that investors will be given a dividend of Rs 10 on one share. It was informed in the filing that the date of AGM and record date for the purpose of payment of final dividend will be announced at the appropriate time.

Established in 1921

Tamilnad Mercantile Bank Limited is an Indian bank headquartered in Thoothukudi, Tamil Nadu. TMB was established in 1921 as Nadar Bank. To increase its appeal beyond the Nadar community, it was renamed Tamil Nad Mercantile Bank in November 1962.

Established in 1921

Tamilnad Mercantile Bank Limited is an Indian bank headquartered in Thoothukudi, Tamil Nadu. TMB was established in 1921 as Nadar Bank. To increase its appeal beyond the Nadar community, it was renamed Tamil Nad Mercantile Bank in November 1962.

stock performance

Today, on the first day of the week, a rise in bank stocks was seen in the trading session of Monday. After today’s rise, the stock closed at Rs 498.95. Today the stock registered a rise of +16.75 points, which was about 3.47%.

First Published: Apr 22, 2024 4:54:53 PM IST