Tamilnad Mercantile Bank sets record date for ₹5 dividend, scrip up ...
28 October 2024
A mid-cap private sector bank with a market capitalization of Rs. 7,163.03 Cr. is Tamilnad Mercantile Bank Ltd. The bank, which is 102 years old and has 509 branches and 12 regional offices spread all over India, was founded in 1921. The record date announcement for the ₹5 per share dividend for the eligible shareholders drove the shares of Tamilnad Mercantile Bank to conclude the day on a positive note.
Tamilnad Mercantile Bank said in a stock exchange filing that the Board of Directors has “declared an Interim Dividend of ₹5/- per equity share of the face value ₹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.”
A mid-cap private sector bank with a market capitalization of Rs. 7,163.03 Cr. is Tamilnad Mercantile Bank Ltd. The bank, which is 102 years old and has 509 branches and 12 regional offices spread all over India, was founded in 1921. The record date announcement for the ₹5 per share dividend for the eligible shareholders drove the shares of Tamilnad Mercantile Bank to conclude the day on a positive note. Tamilnad Mercantile Bank said in a stock exchange filing that the Board of Directors has “declared an Interim Dividend of ₹5/- per equity share of the face value ₹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.”
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