Living Trust Mortgage Bank proposes 1 kobo dividend to shareholders

Living Trust Mortgage Bank Plc has proposed a dividend of 1 kobo to its shareholders for 2022 financial year.

According to the statement in the Audited Report of the Company, the Board has approved that 7.5% of the Profit-After-Tax to be paid as gross dividend. This translates to a total amount of N61,625,850. With the shares outstanding of 5 billion, proposed dividend for shareholders stands at 1 kobo

The mortgage firm reported a turnover of N2.54 billion for the 12 months period, up by 55.98% from N1.63 billion reported the previous year.

Profit after tax increased year on year by 62.08% to N821.678 million from N506.96 million reported the previous year.

Earnings per share of the company stands at 16 kobo.

At the share price of N3.07, the P/E ratio of Living Trust Mortgage Bank stands at 18.68x with earnings yield of 5.35%.

Source: Living Trust Mortgage Bank proposes 1 kobo dividend to shareholders – StocksWatch (stocksng.com)

Related Posts

25

Aug
Business & Economy

Nigeria’s New Tax Reform Bills: Implications for the Economy and Capital Market

President Bola Tinubu has signed four (4) new Tax Reform Bills into law, comprising the Nigeria Tax Act (NTA), Nigeria Tax Administration Act (NTAA), Nigeria Revenue Service Act (NRSA), and the Joint Revenue Board Act (JRBA). The new laws are expected to take effect in 2026. The reforms aim to stimulate economic growth, boost government revenue, improve […]