adsShareholders of Infinity Trust Mortgage Bank Plc (ITMB) have approved a gross dividend payout of N1.46 billion for the 2025 financial year, following the bank’s strong earnings performance and sustained growth in Nigeria’s mortgage sector.
The approval was granted at the bank’s 20th Annual General Meeting (AGM) held on Thursday in Abuja, where shareholders also endorsed a one-for-one bonus share issue, an increase in share capital, and key board appointments.
The mortgage lender declared a gross dividend of N1,459,656,002, representing 35 kobo per ordinary share of 50 kobo each for qualified shareholders. The dividend represents a 66.7 per cent increase from the 21 kobo paid in the previous financial year.
Okwa Ene Iyana, Chairman of the Board, described the bank’s performance as a reflection of the resilience of its business model, prudent corporate governance practices and commitment to delivering sustainable value to stakeholders.
She said the bank recorded twenty consecutive years of profitability, despite prevailing macroeconomic and housing finance challenges in the country.adsads
