Business
Infinity Trust Mortgage Bank declares N3.5k final dividend
Infinity Trust Mortgage Bank Plc has declared a final dividend of N3.5k per share for the period ended 31 December, 2019 on the back of its impressive recently released Full Year 2019 financial results.
This feat makes the mortgage bank the first company on the Nigerian bourse to declare a dividend this year.
According to the firm’s notice to the Nigerian Stock Exchange (NSE), posted on the latter’s website on Wednesday, the dividend “It will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 6th of March, 2020.”
The register of shareholders will be closed from 9th March to 13th March 2020, preparatory to the payment. The qualification date is 6th March 2020.
Read also: Nigerian govt to borrow $17bn from China. Here is why
The company says dividends will be paid electronically on 14th March 2020 to shareholders whose names feature on the members’ register as of 6th March 2020 and who also have completed the e-dividend registration and mandated the registrar to pay their dividends directly into their bank accounts.
In a related development, the company has timed its Annual General Meeting to hold on 7th May 2020 in Abuja.
Incorporated in January 2002 as Infinity Trust Savings & Loans Limited, it attained a Public Limited Liability Company status in 2013.
Infinity Trust currently trades on the floor of the NSE at N1.39 per share.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...