• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Dividends

LivingTrust Mortgage Bank to pay N300 million dividend, grows profit by 283% in 2021

Gross revenue skyrocketed by 149% from N625.6 million recorded in 2020 to N1.63 billion in 2021.

Chidinma Anyalewechi by Chidinma Anyalewechi
April 19, 2022
in Dividends
LivingTrust Mortgage Bank
Share on FacebookShare on TwitterShare on Linkedin

LivingTrust Mortgage Bank has declared a final dividend of 6 kobo per share, summing up to a total dividend payout of N300 million to its shareholders for the 2021 financial year. This is six times the N50 million paid as dividends in 2020.

The dividend declared represents 59.2% of the profit after tax announced by the bank. The company reported a net profit of N507 million, 283% surge compared to the N132.4 million profit recorded in the previous year.

This is according to the information contained in the bank’s audited 2021 financial statement.

RelatedStories

LivingTrust Mortgage Bank names Timothy Gbadeyan and Gbadebo Ayinde as Executive Directors, announces Non-Executive Directors

LivingTrust Mortgage Bank names Timothy Gbadeyan and Gbadebo Ayinde as Executive Directors, announces Non-Executive Directors

March 24, 2025
LivingTrust Mortgage Bank

LivingTrust Mortgage Bank secures CBN approval to appoint eight new directors 

March 22, 2025

Key highlight of the results

  • 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.

What they are saying

The MD and CEO of LivingTrust Mortgage Bank, Adekunle Adewole said, “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 digits growth, with a revised proposal to reward shareholders with N0.05 for every share held, representing a 500% growth from the N0.01 dividend paid in 2020.

The 2021 result is a further attestation to our resilience, smart business model and unique propositions driven by a highly motivated workforce, always ready to go the extra mile in delivering superior value to our customers.”


Follow us for Breaking News and Market Intelligence.
Tags: LivingTrust Mortgage Bank
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

Related Posts

LivingTrust Mortgage Bank names Timothy Gbadeyan and Gbadebo Ayinde as Executive Directors, announces Non-Executive Directors
Appointments

LivingTrust Mortgage Bank names Timothy Gbadeyan and Gbadebo Ayinde as Executive Directors, announces Non-Executive Directors

March 24, 2025
LivingTrust Mortgage Bank
Appointments

LivingTrust Mortgage Bank secures CBN approval to appoint eight new directors 

March 22, 2025
Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019, Nigerian stockbrokers facing extinctionBanking stocks lay anchor on the shaky waters of Nigerian Stock Market, Nigerian banking stocks ignore red flags, boost nigeria stock market, stock market
Spotlight

First Bank, Ecobank among best performing Nigerian stocks in the past 3 months

November 30, 2021
LivingTrust Mortgage Bank
Company Results

LivingTrust Mortgage Bank revenue soars, grows profit by 372% in 9 months 2021

November 1, 2021
LivingTrust Mortgage Bank
Corporate Press Releases

LivingTrust Mortgage Bank posts N192 million in Q3 2020

October 30, 2020
Next Post
DEAL: Insurtech startup, ETAP secures $1.5 million funding to improve car insurance in Africa

DEAL: Insurtech startup, ETAP secures $1.5 million funding to improve car insurance in Africa

Comments 1

  1. jimoh Bisiriyu says:
    May 19, 2022 at 11:16 am

    I want to subscribe

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 
  • Anambra Govt acquires land in Aguata, Orumba for new industrial city 
  • US-based Nigerian archaeologist Abidemi Babalola wins $300,000 Dan David Prize  

Follow us on social media:

Recent News

Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

Onga ignites African culture and storytelling at AMVCA 2025 Culture Day with festival of flavours 

June 12, 2025
UNDP partners with Anambra State to establish Innovation Makerspace 

Anambra Govt acquires land in Aguata, Orumba for new industrial city 

June 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics