Banking Stock, Trading Near 52-Week low, Declares Record Date To Pay Interim Dividend Soon

Tamilnad Mercantile Bank fixed February 24, 2023 as the record date for interim dividend. It has a market capitalisation of Rs 7,246.16 crore. Last trading price of the stock is Rs 457.60 apiece. The stock is currently trading very near its 52-week low price. Check details below:

1. Tamilnad Mercantile Bank To Pay Rs 5/Equity Share Dividend

According to the BSE filing of the company, "Board of Directors in their meeting held today has declared an Interim Dividend of Rs 5/- per equity share of the face value Rs 10/- each for the Financial Year 2022-23. The record date for ascertaining the eligibility of the shareholders of the Bank to receive the Interim Dividend has been fixed as Friday, February 24, 2023. The Interim Dividend will be paid on or after 6th March 2023."

2. Tamilnad Mercantile Bank Stock Performance

The last trading price of the stock is Rs 457.60 apiece with 52-week high at Rs 547.85 apiece and 52-week low at Rs 451.40 apiece, respectively. The company has a market capitalisation of Rs 7,243.79 crore. The stock declined 9% in last 3-months and 4% in last 1-month.

3. Tamilnad Mercantile Bank About

Tamilnad Mercantile Bank Ltd is one of the oldest banks with a history of over 100 years. It offers a vast range of banking and financial services. Company is a company that is listed on the Bombay Stock exchange (BSE) and the National Stock Exchange (NSE). The company declares its results every quarter and board meeting of the company is held regularly.

Disclaimer

The stock gives details pertaining to interim dividend and record date. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.