LAGOS — Infinity Trust Mortgage Bank (ITMB) has set a bullish tone for the 2026 dividend season, rewarding shareholders with a double-edged benefit: a significant cash payout and a massive bonus share issuance.
Following a stellar 2025 financial year, the bank’s Board of Directors has proposed a final dividend of 35 kobo per share. In a move that signals extreme confidence in its capital cushion, the bank also approved a 1-for-1 bonus issue, effectively doubling the number of shares held by existing investors.
The 2025 Performance Snapshot
The dividend proposal follows a record-breaking financial performance. ITMB has successfully navigated the high-interest-rate environment of 2025, leveraging the surge in demand for affordable housing finance.
| Financial Metric | 2025 Performance | Year-on-Year Growth |
| Gross Earnings | ₦5.8 Billion | ↑ 42% |
| Profit Before Tax | ₦2.4 Billion | ↑ 38% |
| Profit After Tax | ₦2.1 Billion | ↑ 35% |
| Total Assets | ₦24.5 Billion | ↑ 18% |
Breaking Down the Shareholder Reward
1. The Cash Dividend (35 Kobo)
The proposed 35 kobo per share represents one of the highest dividend yields in the mortgage banking sub-sector. At the current market price, this provides a compelling “passive income” stream for retail investors.
2. The 1-for-1 Bonus Issue
This is the “big win” for long-term holders. By issuing one new share for every one currently held, ITMB is:
- Increasing Liquidity: Making more shares available for trading on the Nigerian Exchange (NGX).
- Signaling Strength: Only banks with significant “Retained Earnings” and “Share Premium” accounts can afford to capitalize their reserves into a 1-for-1 bonus.
- Enhancing Future Payouts: While the share price will mathematically adjust (dilute) post-bonus, investors now hold double the volume, which multiplies the impact of future dividend increases.
Strategic Outlook: Why the Aggressive Payout?
Infinity Trust’s aggressive reward strategy is a deliberate move to position itself as the “Premier Mortgage Bank” in Nigeria.
- Recapitalization Readiness: By issuing bonus shares, the bank is strengthening its paid-up capital base, ensuring it remains well above the regulatory requirements set by the Central Bank of Nigeria (CBN) for National Mortgage Banks.
- Investor Attraction: In a market where investors are hungry for “Total Return” (Capital Appreciation + Dividends), ITMB is positioning its stock as a high-growth, high-yield alternative to traditional commercial banks.
Important Dates for Shareholders
To benefit from the 35 kobo dividend and the 1-for-1 bonus, investors must be on the bank’s register before the “Qualification Date.”
- Qualification Date: To be announced (expected late March 2026).
- Closure of Register: To be announced.
- Annual General Meeting (AGM): Scheduled for mid-2026, where shareholders will formally vote to approve these proposals.
The Mortgage Space
Infinity Trust Mortgage Bank is proving that the “Mortgage Space” can be just as profitable as “Mainstream Banking.” For shareholders, the 1-for-1 bonus is a “gift of growth” that significantly lowers their average cost of entry into the stock while doubling their future earning potential.
