Living Trust Mortgage Bank Plc has proposed a dividend of 1 kobo to its shareholders for 2022 financial year.
According to the statement in the Audited Report of the Company, the Board has approved that 7.5% of the Profit-After-Tax be paid as gross dividend. This translates to a total amount of N61,625,850. With the shares outstanding of 5 billion, proposed dividend for shareholders stands at 1 kobo
The mortgage firm reported a turnover of N2.54 billion for the 12 months period, up by 55.98% from N1.63 billion reported the previous year.
Profit after tax increased year on year by 62.08% to N821.678 million from N506.96 million reported the previous year.
Earnings per share of the company stands at 16 kobo.
At the share price of N3.07, the P/E ratio of Living Trust Mortgage Bank stands at 18.68x with earnings yield of 5.35%.