LivingTrust Mortgage Bank proposes final dividend worth N50 million for shareholders.

The Board of LivingTrust Mortgage Bank Plc has proposed a final dividend of N50 million to its shareholders for the period ended 31st of December, 2020.

The company’s Board made this announcement in a notification published on the website of the Nigerian Exchange Group Plc (NGX), stating that a dividend of 1 kobo per share will be paid on all the issued 5,000,000,000 ordinary shares of the company.

Ceteris paribus, the dividends will be paid electronically to qualified shareholders on 14th of June, 2021. Qualified shareholders are those, whose names appear on the Register of Members as at close of business on 21st of May, 2021. Other qualifying conditions are;

  • Shareholders must have completed the e-dividend registration.
  • In addition, shareholders must have mandated the Registrar (Africa Prudential Plc) to pay their dividend directly into their bank accounts.

What you should know:

  • LivingTrust Mortgage Bank Plc earlier released its Q1 2021 results showing a profit after tax of N100.6 million.
  • As at the period of reporting this, LivingTrust Mortgage Bank Plc share currently trades at 68 kobo.

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