Infinity Trust Mortgage Bank Plc has approved a proposed dividend of 35 kobo per ordinary share and a one-for-one bonus share issue following a Board of Directors meeting held on February 10, 2026, in Abuja.
In a notification to shareholders and the Nigerian Exchange Limited (NGX), the bank disclosed that its Board reviewed and approved the audited financial statements for the year ended December 31, 2025.
The statements, along with the management letter, are to be forwarded to the Central Bank of Nigeria (CBN) for regulatory approval.
The Board resolved to recommend a dividend payout of 35 kobo per ordinary share for the 2025 financial year. The dividend remains subject to ratification at the upcoming Annual General Meeting (AGM).
In addition to the cash dividend, the Board approved a bonus share issue on a one-for-one (1:1) basis. The proposed bonus issue will also require shareholder approval at the AGM as well as clearance from relevant regulators.
The bank scheduled May 21, 2026, as the proposed date for its Annual General Meeting, where shareholders are expected to deliberate and vote on the dividend recommendation, bonus issue, and other statutory matters.
The Board further approved the appointment of Dr. Obasegun Adetokunbo Oni as a Non-Executive Director, subject to approval by the Central Bank of Nigeria.
Dr. Oni is a certified Information Systems Security Professional with more than 25 years of experience in enterprise information security, compliance, and technology risk management.
He holds postgraduate qualifications in cybersecurity from Northumbria University and a Bachelor of Science degree in Pharmaceutical Sciences from the University of Greenwich, London.
His professional certifications include CISSP, CCSP, CISA, AWS Certified Cloud Practitioner, and multiple Cisco and Check Point security credentials.
Dr. Oni’s career spans senior consulting and engineering roles across international institutions, including ICBC Standard Bank in London and Intercity Technology in Southampton.
His expertise covers cybersecurity governance, cloud security across major platforms, risk management, compliance frameworks, and enterprise network security architecture.
Market analysts note that the proposed dividend and bonus issue signal the bank’s confidence in its capital position and earnings performance for the 2025 financial year.
The bonus issue, if approved, will increase the bank’s issued share capital and potentially enhance liquidity in its shares on the NGX.
Infinity Trust Mortgage Bank operates from its registered office in Garki, Abuja, and remains active in Nigeria’s mortgage banking segment, focusing on retail and institutional mortgage financing.
Investors will closely monitor regulatory approvals from the CBN and the outcome of the May AGM to assess the final implementation of the dividend and capital restructuring plans.
