Nigerian Stocks with high dividends: When most Nigerians hear the word investment, they think of land, crypto, or starting a business.
But investing also means owning small parts of real companies and earning income from their profits.
Top Nigerian Stocks. Source: gettyimages
One of the simplest ways this happens is through something called dividends.
In this guide, we’ll use real Nigerian companies to explain the various stocks with high dividends that you can invest in.
Let’s dive in.
What is a dividend?
A dividend is the money a company pays you from its profit just because you own shares in that company.
For example, if you buy part of a bakery, whenever they make profits, they share some of that “profit” with you. That’s your dividend.
What is dividend yield?
This is the percentage you earn from dividends compared to the stock’s price.
For example: If a share costs ₦10 and the company pays ₦1 dividend, the yield is 10%.
It is similar to putting ₦10 in a savings account and getting ₦1 back at the end of the year. That’s 10% interest. Although in the case of dividends, there is more risk involved.
The Top Ten (10) Nigerian Stocks You Should Know And Invest in
United Bank for Africa (UBA)
United Bank for Africa (UBA) stands out as one of the Top Nigerian stocks to know mainly because of how much it rewards its shareholders.
UBA stock was trading around ₦44.85 per share on the NGX around the 27th Day of January, 2026, showing solid performance after their successful rights issue and improved market liquidity.
Source: Screenshot from stockanalysis as at January 27, 2026.
For the full year, data from dividend trackers shows UBA’s annual dividend payout was around ₦3.25 per share, translating to a dividend yield of approximately 7.4 % based on recent share price levels.
To put this into perspective, if you owned 1,000 shares of UBA, you would have received ₦3,250 in cash dividends, paid directly into your account, simply for holding the stock.
When you break it down further, earning ₦3.25 on a share price of about ₦44–₦45 means you’re getting solid passive income without selling your shares.
In practical terms, an investment of ₦100,000 in UBA shares could generate roughly ₦7,000–₦7,500 in dividend income in a year, depending on your entry price. This is still significantly higher than what most traditional savings accounts pay, and it comes with the added benefit of potential share price growth over time.
What makes UBA even more attractive is that it’s one of the biggest banks in Nigeria with stable earnings, and it has consistently grown its dividend payouts in recent years, averaging more than 30% growth annually.
That means investors are not only earning strong income now but also likely to see increasing returns in the future.
Seplat Energy Plc
Seplat Energy Plc is one of Nigeria’s leading independent energy companies and a popular choice among income‑focused investors on the Nigerian Exchange (NGX). It earns its place on many 2025 dividend‑focused lists because of consistent cash payouts and a clear commitment to returning value to shareholders.
Screenshot from stockanalysis showing Seplat Energy price as at 27th, January 2026.
As of late 2025, Seplat’s annual dividend amounted to about ₦362.60 per share, reflecting quarterly payouts and supporting its reputation as a steady income stock. Based on the recent share price around ₦5,809, this implies a dividend yield of about 5.4 %, quite attractive when compared to many fixed‑income alternatives.
How Seplat Pays Dividends:
- Dividends are paid quarterly, giving investors regular income rather than a single annual payment.
- The company has shown strong growth in dividend distributions over time, with payout levels increasing year over year.
Example;
If you owned 1,000 shares of Seplat Energy, a total dividend of ₦362.60 per share could mean roughly ₦362,600 in dividend income in a year, assuming a similar payout level continues.
Even with market price moves, earning regular dividends can make Seplat an appealing option for investors focused on cash returns as well as long‑term growth.
Seplat’s dividend policy reflects its strong operational performance and cash‑flow generation, important factors for investors who want both income and exposure to a major Nigerian energy business. Management has also signaled long‑term dividend commitments, setting expectations for continued payouts through 2030.
SFS REIT
SFS Real Estate Investment Trust (SFS REIT) is one of the Top Nigerian stocks for steady, hassle-free income. Rather than owning property yourself, you invest in shares, and SFS REIT takes care of the rest then pays you from the profits.
Source: Screenshot of stockanalysis showing trading price of SFS REIT
As at the end of January, 2026, SFS REIT units were trading at around ₦418.75 on the Nigerian Exchange (NGX).
For the 2024 financial year which was paid out in May 2025, SFS REIT declared a dividend of ₦21.50 per unit — up from ₦14.50 the year before — showing strong growth in income returned to investors. Based on recent price levels, this works out to a dividend yield of roughly 5.1 %, which is solid for a property‑based investment.
What does this mean?
If you held 100 units, you’d have received ₦2,150 in dividends from the 2024 payout alone.
An investment of ₦100,000 (about 239 units at ₦418.75) could have generated around ₦5,150 in dividend income over the year.
In short, SFS REIT is a hassle-free way to earn regular income from real estate, through one of the Top Nigerian stocks, without the headache of managing physical property.
GTCO Holdings
GTCO Holdings is one of the Top Nigerian stocks you want to keep an eye on especially if you’re chasing solid dividend income.
In September, 2025, GTCO declared an interim dividend of ₦1.00 per share for the first half of the year, which was paid to shareholders after the register closed in early October 2025.
This interim dividend was paid in addition to the final dividend of ₦7.03 per share that shareholders received in April 2025 for the prior year. According to dividend data as of January, 2026, the total dividends recorded in 2025 (interim + final) amount to ₦8.03 per share, with the last ex‑dividend date in October 2025.
Stock analysis of GTCO dividend
Based on recent share price levels, this gives GTCO an annual dividend yield of around 8.15 %, which is attractive compared with many fixed‑income alternatives available in Nigeria.
What that means for you:
Owning 100 shares could have earned you ₦803 in dividend income from the combined payouts in 2025.
An investment of ₦100,000 in GTCO shares could return around ₦8,000 in dividends over the year, depending on the entry price.
So, if you’re picking Top Nigerian stocks that pay real, growing dividend income, GTCO is a go-to choice offering both income and confidence in its strong fundamentals.
Fidelity Bank Plc
Fidelity Bank is among the Top Nigerian stocks to watch because of how much it has rewarded shareholders after a year of record profits.
In 2025, Fidelity paid a final dividend of ₦1.25 per share that was credited to shareholders in April 2025. Based on recent price levels, that payout gives a dividend yield of about 6.6%, which is solid compared to many savings and fixed‑income alternatives.
Stockanalysis of Fidelity Bank Plc
Unlike some stocks that only pay once a year, Fidelity’s dividend history shows multiple payments over time, including interim dividends in previous years, reflecting the bank’s commitment to rewarding shareholders.
This means that:
If you owned 1,000 shares of Fidelity Bank, a ₦1.25 dividend per share would have meant ₦1,250 in cash returned to you, just for holding the stock.
An investment of ₦100,000 in Fidelity shares could generate around ₦6,500–₦7,000 in dividend income over the year, depending on your purchase price and timing.
Beyond the numbers, Fidelity has been consistent with payouts since 2006, and with its earnings climbing, investors may see even higher rewards in the coming years. This makes it one of the Top Nigerian stocks for both steady income and growth potential.
Zenith Bank Plc
Zenith Bank holds its place as one of the Top Nigerian stocks because of its strong track record of rewarding shareholders.
As at 2025, Zenith’s board declared an interim dividend of ₦1.25 per share (for the half-year ended June 30, 2025), which was paid to shareholders in October 2025. This was higher than the ₦1.00 interim dividend paid in the same period the year before, showing the bank’s continued commitment to rewarding shareholders.
Tracking data from stockanalysis showing dividend pay out and share price level of Zenith Bank
According to dividend tracking data, Zenith Bank’s annual dividend per share in recent payouts — including the ₦4.00 final dividend paid in April 2025 and the ₦1.25 interim dividend paid in October 2025 — totals ₦5.25 per share.
Based on recent share price levels (around ₦71 as of January 23, 2026), this translates to a dividend yield of about 7.4 %, which is attractive compared with many savings accounts or fixed-income options.
What that means for you:
If you owned 1,000 shares of Zenith Bank, the combined dividend payouts could give you around ₦5,250 in cash for the year — simply for holding the stock.
An investment of about ₦100,000 in Zenith shares (assuming a purchase price near ₦71) could generate roughly ₦7,400 in dividend income, depending on exactly when you bought in.
Zenith’s consistency, scale, and history of payouts make it a trusted choice for dividend seekers in Nigeria, keeping it firmly on the list of Top Nigerian stocks.
Presco Plc
Presco Plc, a top Nigerian stock with high dividends
Presco Plc is one of Nigeria’s leading agro‑industrial companies, known especially for palm oil and edible oils. In August 2025, the company paid a final dividend of ₦42 per 50 kobo share for the year ended December 31, 2024, following approval at its Annual General Meeting.
At recent price levels — with the share trading significantly higher than earlier in 2025 — that dividend works out to a dividend yield of around 3.4 %, which is respectable for a large, stable consumer‑goods stock.
Presco has also shown continued earnings momentum in 2025. In October 2025, after reporting a more than 108% rise in profit before tax for the nine months ended September 30, 2025, the company’s board approved an interim dividend of ₦10 per share, which is a sign of ongoing income distribution to shareholders.
What this means for you:
If you held 100 shares of Presco, the final 2025 dividend of ₦42 per share would have returned ₦4,200 in dividend income.
Combined with the ₦10 interim dividend approved later in 2025, that’s ₦5,200 per 100 shares on the year’s payouts alone.
That’s solid income from a reliable agricultural business, making Presco one of the Top Nigerian stocks to watch for real cash returns.
Access Holdings
Access Holdings Plc also stood out among the Top Nigerian stocks, thanks to consistent earnings and generous payouts. In April 2025, the board approved a final dividend of ₦2.05 per share for the year ended December 31, 2024, bringing the total dividend for the year to ₦2.50 per share. That meant a massive payout of about ₦125.3 billion to shareholders.
Data from stockanalysis showing Access Holdings share and dividend yield as at January 2026.
According to dividend data as of early 2026, with Access Holdings’ share trading around ₦22.50, this total dividend works out to a dividend yield of about 9.15 % — which is one of the highest yields among major Nigerian stocks.
What that means for you:
If you owned 100 shares, the ₦2.50 dividend per share would mean about ₦250 in cash just for holding the stock.
If you invested ₦100,000 in Access Holdings shares (at around ₦22.50 per share), you could have earned roughly ₦9,150 in dividend income over the year, without selling your shares.
With strong earnings growth and major capital raises behind it, Access continues to reward shareholders reliably, making it one of the must-watch Top Nigerian stocks for steady payoff.
UPDC REIT – Real Estate Income Without Owning Property
UPDC Real Estate Investment Trust (REIT) has secured its place among the Top Nigerian stocks by giving investors a steady way to earn from property without buying houses or managing tenants.
One of the top Nigerian Stocks to invest in.
Source: Stockanalysis.
According to the latest data, UPDC REIT paid out a total dividend of ₦0.52 per unit in 2025 (₦0.30 final paid in May and ₦0.22 interim paid in September 2025). Based on recent prices around ₦9.00 per unit on the Nigerian Exchange (NGX), this works out to a dividend yield of about 5.78 %.
What that means for your money:
If you owned 100 units, you’d receive ₦52 in dividend income.
An investment of ₦100,000 (about 11,100 units at ~₦9) could generate roughly ₦6,400–₦6,500 in dividends over the year.
This steady cash flow is why UPDC REIT often features when people discuss Top Nigerian stocks for income.
Custodian Investment Plc
One of the top Nigerian Stocks to invest in.
Source: BusinessDay
Custodian Investment Plc is another standout, ranking high among the Top Nigerian stocks because of its dependable dividends and consistent financial growth.
As of January, 2026, its share price was around ₦45.00 on the Nigerian Exchange (NGX).
For the year ending December 31, 2024, the company paid a total dividend of ₦1.25 per share — made up of a ₦1.10 final dividend and a smaller interim payment — which was credited to shareholders in April and September, 2025. Based on recent share prices, this works out to a dividend yield of about 2.8 %.
What that means for your money:
Owning 1,000 shares would have earned you about ₦1,250 in cash dividends for that period.
An investment of ₦100,000 (roughly 2,200 shares at ~₦45) could generate around ₦2,750 in annual dividends, without selling your shares.
With strong earnings and a steady payout policy, Custodian shows why it deserves a spot among the Top Nigerian stocks for dividend seekers.
Conclusion
Investing in dividend-paying stocks in Nigeria is about earning steady cash flow while learning how the market works. From Fidelity and GTCO to Seplat Energy, Zenith, and Custodian Investment, these Top Nigerian stocks show how consistent dividends can boost your income and grow your wealth over time.
For beginners, you don’t need millions to start. Even small investments can earn real cash through dividends, and reinvesting those payouts can create long-term growth.
By keeping an eye on companies with strong earnings, reliable payouts, and transparent reporting, you can build a portfolio that teaches you the fundamentals of investing, financial discipline, and wealth creation—all while putting money back in your pocket.
In short, dividend stocks are a hands-on classroom in money management, giving you both learning and earning opportunities.
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Elsie Udoh is a writer who transformed her love for talking into a career. You can easily tell that she talks a lot by how her paragraphs flow.
She’s big on clarity, connection, and helping people learn something new without getting bored halfway through.
