Infinity Trust Mortgage Bank Shareholders Approve N1.46 Billion Dividend Payout
Infinity Trust Mortgage Bank Plc shareholders have approved a dividend payout of 35 kobo per ordinary share amounting to N1.46 billion for the 2025 financial year alongside a proposed one-for-one bonus share issue as the lender moves to strengthen its capital base and shareholder value.
The resolutions were passed during the bank’s 20th Annual General Meeting held virtually on May 21, 2026.
Under the approved dividend resolution, shareholders will receive 35 kobo for every ordinary share held in the company for the financial year ended December 31, 2025.
Shareholders also approved a major capital restructuring initiative involving a bonus issue of one new ordinary share for every one existing ordinary share of 50 kobo each held by investors whose names appeared in the company’s register as of April 17, 2026.
The proposed bonus shares, subject to regulatory approval, will rank pari passu with the existing ordinary shares of the company.
To accommodate the bonus issue, shareholders authorised the increase of the company’s share capital from N2.09 billion to N4.17 billion through the creation of additional ordinary shares.
Analysts said the proposed capital expansion reflects the bank’s strategy to strengthen its balance sheet and improve long-term growth capacity within Nigeria’s competitive mortgage and housing finance sector.
The AGM also approved the audited financial statements for the year ended December 31, 2025 together with the reports of the directors, auditors and audit committee.
Shareholders authorised the board to determine the remuneration of the external auditors for the 2026 financial year.
For the statutory audit committee, Dr. Franklyn Akinyosoye, Mr. Segun Owoeye and Mr. Lawrence Welle were elected as shareholders’ representatives while Mrs. Abisola Obaleye and Mr. James Ahmed were appointed as board representatives.
The meeting further ratified the appointment of Mr. Obasegun Adetokunbo Oni as a Non-Executive Director of the company.
Additionally, Dr. Olabanjo Johnson Obaleye, Engr. Eniola Chukwuebuka Bibilari and Alhaji Abubakar Muhammad were re-elected as Non-Executive Directors.
The remuneration of the company’s managers as disclosed in the 2025 audited accounts was also noted by shareholders while the remuneration structure for Non-Executive Directors for the 2026 financial year received approval.
Industry analysts noted that the mortgage banking sector continues to face significant funding and housing affordability challenges despite growing demand for residential financing across Nigeria’s urban centres.
They added that capital expansion and shareholder reward programmes remain important tools for mortgage lenders seeking to improve investor confidence and strengthen long-term market positioning.
