LivingTrust Mortgage Bank has declared a final dividend of 6 kobo per share, amounting to N300 million in total dividend payout to shareholders for the fiscal year 2021. This is more than six times the N50 million in dividends paid out in 2020.
The declared dividend is equivalent to 59.2 percent of the bank’s profit after tax. The company declared a net profit of N507 million, a 283 percent increase over the previous year’s profit of N132.4 million.
According to the bank’s audited financial statement for the year 2021, this is the case.
LivingTrust’s gross revenue skyrocketed by 149% from N625.6 million recorded in 2020 to N1.63 billion in 2021.
A breakdown of the report reveals that interest income jumped by 202% from N374.1 million recorded in the previous year to N1.13 billion in the review year.
Meanwhile, the company incurred a sum of N261.2 million as income tax for the year, which is significantly higher than the N19.1 million recorded in the previous year.
In the same vein, its total asset increased by 81% from N6.3 billion recorded as of the end of 2020 to stand at N11.39 billion at the end of December 2021.
The company’s earnings per share stood at 10.1kobo in 2021.
According to the information on the Nigerian Exchange, the dividend is set to be paid on June 6th 2022 subject to appropriate withholding tax. The dividends will be paid to shareholders on the register as of 16th May 2022.
Based on its current share price, LivingTrust Mortgage Bank’s dividend yield stands at 4.84% as of 14th April 2022, as its share price trades at N1.24 per share, increasing by 19% year-to-date.
“Despite the strong global headwinds in the year 2021, coupled with economic vulnerabilities and uncertainties in the local economy, the bank pulled strong in all performance indices, recording double and triple digit growth, with a revised proposal to reward shareholders with N0.05 for every share held, representing a 500 percent increase from the N0.01 dividend paid in 2020.
The 2021 outcome demonstrates our resiliency, smart business strategy, and distinctive offerings, all of which are fueled by a highly motivated team that is always willing to go above and beyond in delivering exceptional value to our clients,” said Adekunle Adewole, MD and CEO of LivingTrust Mortgage Bank.
I couldn’t resist commenting
Thank you so much for giving everyone a very spectacular possiblity to read critical reviews from this website. It really is very sweet and stuffed with a great time for me and my office acquaintances to visit your site on the least three times in one week to study the latest secrets you have got. And lastly, I am always astounded for the sensational knowledge served by you. Some 4 points in this post are without a doubt the very best we have had.
I got what you mean , appreciate it for putting up.Woh I am pleased to find this website through google. “Don’t be afraid of opposition. Remember, a kite rises against not with the wind.” by Hamilton Mabie.
I have been browsing online more than 3 hours lately, but I by no means found any attention-grabbing article like yours. It is beautiful price enough for me. In my opinion, if all web owners and bloggers made good content as you did, the net might be much more helpful than ever before.
Superb post however I was wondering if you could write a litte more on this subject? I’d be very thankful if you could elaborate a little bit more. Thank you!
Cool blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog jump out. Please let me know where you got your design. Cheers
Hello.This article was extremely motivating, particularly because I was investigating for thoughts on this matter last Monday.
I have been absent for a while, but now I remember why I used to love this site. Thank you, I will try and check back more often. How frequently you update your website?
Hey very nice blog!! Man .. Beautiful .. Superb .. I’ll bookmark your website and take the feeds also?KI’m satisfied to search out numerous useful information right here within the publish, we need develop more techniques on this regard, thank you for sharing. . . . . .
I love the efforts you have put in this, appreciate it for all the great content.
I’m not sure exactly why but this web site is loading incredibly slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later on and see if the problem still exists.
I am not very good with English but I get hold this very easygoing to translate.
I like this post, enjoyed this one regards for putting up. “No man is wise enough by himself.” by Titus Maccius Plautus.
whoah this blog is great i love reading your posts. Keep up the great work! You know, lots of people are hunting around for this info, you could help them greatly.
Very interesting information!Perfect just what I was searching for! “Outside of a dog, a book is man’s best friend. Inside of a dog it’s too dark to read.” by Groucho Marx.
What’s Happening i am new to this, I stumbled upon this I’ve found It positively helpful and it has helped me out loads. I hope to contribute & aid other users like its aided me. Great job.
I’m impressed, I must say. Actually not often do I encounter a blog that’s both educative and entertaining, and let me let you know, you could have hit the nail on the head. Your concept is excellent; the problem is one thing that not enough persons are talking intelligently about. I’m very comfortable that I stumbled across this in my seek for something relating to this.
Hello there! Do you use Twitter? I’d like to follow you if that would be okay. I’m definitely enjoying your blog and look forward to new updates.
This is a topic close to my heart cheers, where are your contact details though?
Great remarkable issues here. I’m very happy to look your post. Thanks so much and i am looking forward to touch you. Will you please drop me a mail?
Generally I do not read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been surprised me. Thanks, quite nice article.
Have you ever considered writing an ebook or guest authoring on other sites? I have a blog based upon on the same topics you discuss and would love to have you share some stories/information. I know my subscribers would appreciate your work. If you’re even remotely interested, feel free to send me an email.
Pretty! This was a really wonderful post. Thank you for your provided information.
Olxtoto adalah agen terpercaya untuk situs toto dan bandar togel yang melayani pemain di Indonesia dengan komitmen tinggi terhadap kepuasan pelanggan.
Simply a smiling visitant here to share the love (:, btw great pattern. “Treat the other man’s faith gently it is all he has to believe with.” by Athenus.
I’ve been absent for some time, but now I remember why I used to love this website. Thanks , I’ll try and check back more frequently. How frequently you update your website?
Fantastic beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog site? The account aided me a acceptable deal. I had been tiny bit acquainted of this your broadcast offered bright clear concept
Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.
It is really a great and useful piece of info. I am glad that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.
Well I truly enjoyed reading it. This tip provided by you is very useful for good planning.
I think this internet site contains some really superb info for everyone :D. “Time–our youth–it never really goes, does it It is all held in our minds.” by Helen Hoover Santmyer.
Excellent web site. A lot of helpful info here. I’m sending it to several friends ans also sharing in delicious. And obviously, thanks on your sweat!
Spot on with this write-up, I truly think this web site wants rather more consideration. I’ll most likely be again to read way more, thanks for that info.
I got what you intend, thankyou for putting up.Woh I am pleased to find this website through google. “Don’t be afraid of opposition. Remember, a kite rises against not with the wind.” by Hamilton Mabie.
Hello, you used to write wonderful, but the last several posts have been kinda boring?K I miss your great writings. Past several posts are just a little out of track! come on!
Only wanna remark on few general things, The website design is perfect, the written content is rattling excellent : D.
I really like meeting useful information , this post has got me even more info! .
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
I gotta favorite this web site it seems extremely helpful invaluable
Perfectly indited subject material, Really enjoyed studying.
Do you mind if I quote a few of your articles as long as I provide credit and sources back to your webpage? My website is in the exact same niche as yours and my visitors would genuinely benefit from some of the information you provide here. Please let me know if this ok with you. Appreciate it!
When I initially commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any method you possibly can take away me from that service? Thanks!
You have brought up a very wonderful points, regards for the post.
The thoughtful way you address common implementation hurdles, frequent misunderstandings, potential pitfalls, and likely challenges within your post, while providing preventive strategies and corrective guidance, helps readers accelerate meaningful progress.
My wife and i felt quite excited that Michael managed to carry out his web research through your precious recommendations he received when using the blog. It is now and again perplexing to just be handing out tricks that some others have been trying to sell. And we also understand we have the blog owner to be grateful to because of that. The specific illustrations you’ve made, the easy website navigation, the friendships you can help to foster – it is all awesome, and it’s really aiding our son and our family recognize that that article is interesting, which is certainly really pressing. Thanks for all the pieces!
Simply wanna remark that you have a very nice website , I enjoy the design it actually stands out.
Your dedication to providing context-rich explanations ensures that readers understand the why behind the what, fostering deeper comprehension, enabling more adaptable application, and empowering readers to thoughtfully apply your recommendations across varied situations, evolving contexts, and diverse professional or personal circumstances.