Best Dividend Stocks Nigeria
85 stocks matched · Updated daily after market close
This screen highlights the best dividend-paying stocks on the Nigerian Exchange by focusing on both yield and sustainability. A high dividend yield alone is not enough — it must be supported by positive earnings and a reasonable valuation. This list filters for companies that generate real profits and return cash to shareholders, making it a strong starting point for income-focused investors.
Best Dividend Stocks Nigeria — 85 Stocks
Sorted by signal strength| Company | Sector | Price (₦) | % Change | Volume | Mkt Cap | P/E | EPS (₦) | Div Yield |
|---|---|---|---|---|---|---|---|---|
|
GUARANTY TRUST HOLDING COMPANY PLC
GTCO |
FINANCIAL SERVICES | ₦129.2000 | +1.7300% | 9,579,089 | — | 5.3900 | 23.5500 | 10.0500% |
|
ZENITH BANK PLC
ZENITHBANK |
FINANCIAL SERVICES | ₦114.0000 | +2.7000% | 41,520,455 | — | 4.3800 | 25.3700 | 9.0100% |
|
UH REAL ESTATE INVESTMENT TRUST
UHOMREIT |
CONSTRUCTION/REAL ESTATE | ₦70.0000 | +0.0000% | 32,027 | — | 0.7200 | 97.3700 | 7.2100% |
|
SFS REAL ESTATE INVESTMENT TRUST
SFSREIT |
CONSTRUCTION/REAL ESTATE | ₦418.7500 | +0.0000% | 11,152 | — | 12.5600 | 33.3500 | 6.7600% |
|
ACCESS HOLDINGS PLC
ACCESSCORP |
FINANCIAL SERVICES | ₦25.0000 | +1.4200% | 29,122,169 | — | 1.7500 | 14.0900 | 6.5500% |
|
FIDELITY BANK PLC
FIDELITYBK |
FINANCIAL SERVICES | ₦21.8500 | +2.8200% | 25,754,444 | — | 5.9400 | 3.5700 | 6.4100% |
|
UNITED CAPITAL PLC
UCAP |
FINANCIAL SERVICES | ₦17.7500 | +1.4300% | 7,407,225 | — | 9.8500 | 1.7800 | 5.7100% |
|
NEM INSURANCE PLC
NEM |
FINANCIAL SERVICES | ₦28.0000 | +0.0000% | 441,555 | — | 9.3200 | 3.0000 | 5.3600% |
|
UPDC REAL ESTATE INVESTMENT TRUST
UPDCREIT |
CONSTRUCTION/REAL ESTATE | ₦10.6500 | +0.0000% | 550,379 | — | 6.3000 | 1.6900 | 5.1600% |
|
CORNERSTONE INSURANCE PLC
CORNERST |
FINANCIAL SERVICES | ₦5.7500 | +0.0000% | 1,060,173 | 101,731,799,260 | 8.5700 | 0.6700 | 4.8700% |
|
TRANSNATIONAL CORPORATION PLC
TRANSCORP |
CONGLOMERATES | ₦42.6500 | +0.0000% | 1,341,908 | — | 4.9100 | 8.6800 | 4.6900% |
|
CONSOLIDATED HALLMARK HOLDINGS PLC
CONHALLPLC |
FINANCIAL SERVICES | ₦6.7200 | +0.0000% | 446,681 | — | 8.6300 | 0.7800 | 4.4600% |
|
DANGOTE CEMENT PLC
DANGCEM |
INDUSTRIAL GOODS | ₦1047.0000 | +0.0000% | 388,188 | — | 15.6900 | 66.7100 | 4.3000% |
|
WEMA BANK PLC.
WEMABANK |
FINANCIAL SERVICES | ₦30.4500 | +1.5000% | 3,532,905 | — | 4.2100 | 7.1300 | 4.1700% |
|
AXAMANSARD INSURANCE PLC
MANSARD |
FINANCIAL SERVICES | ₦11.2000 | +0.0000% | 580,299 | — | 1025.0000 | 0.0100 | 4.0200% |
|
NPF MICROFINANCE BANK PLC
NPFMCRFBK |
FINANCIAL SERVICES | ₦5.0000 | +0.0000% | 197,149 | — | 10.1100 | 0.4900 | 4.0000% |
|
AFRICA PRUDENTIAL PLC
AFRIPRUD |
FINANCIAL SERVICES | ₦13.2000 | +4.3500% | 2,044,268 | — | 18.3800 | 0.6900 | 3.9500% |
|
STANBIC IBTC HOLDINGS PLC
STANBIC |
FINANCIAL SERVICES | ₦166.9000 | +0.0000% | 383,145 | 2,496,577,771,622 | 6.7900 | 24.5900 | 3.8900% |
|
OKOMU OIL PALM PLC.
OKOMUOIL |
AGRICULTURE | ₦1418.0000 | +0.0000% | 252,478 | — | 22.6200 | 62.7000 | 3.8800% |
|
SEPLAT ENERGY PLC
SEPLAT |
OIL AND GAS | ₦11363.9000 | +0.0000% | 56,856 | — | 26.1000 | 403.6100 | 3.6500% |
|
MTN NIGERIA COMMUNICATIONS PLC
MTNN |
ICT | ₦826.5000 | +0.3600% | 1,405,579 | — | 12.9400 | 63.6500 | 3.6400% |
|
BUA CEMENT PLC
BUACEMENT |
INDUSTRIAL GOODS | ₦275.6000 | -0.5800% | 17,411,684 | — | 20.6800 | 13.3300 | 3.6300% |
|
HBM NIGERIA PLC
HBMNG |
INDUSTRIAL GOODS | ₦335.0000 | +0.0000% | 2,035,024 | — | 16.7400 | 20.0200 | 3.5800% |
|
LAFARGE AFRICA PLC.
WAPCO |
INDUSTRIAL GOODS | ₦335.0000 | +2.1300% | 5,046,652 | — | 16.7400 | 20.0200 | 3.5800% |
|
CWG PLC
CWG |
ICT | ₦19.7000 | +0.0000% | 552,820 | — | 9.9300 | 1.9800 | 3.5500% |
|
LEARN AFRICA PLC
LEARNAFRCA |
SERVICES | ₦10.3000 | +4.0400% | 278,502 | — | 11.4100 | 0.8700 | 3.5400% |
|
UNIVERSITY PRESS PLC.
UPL |
SERVICES | ₦5.2500 | +0.0000% | 1,135,516 | — | 10.6000 | 0.5000 | 3.4300% |
|
FCMB GROUP PLC.
FCMB |
FINANCIAL SERVICES | ₦10.8000 | +2.8600% | 4,741,944 | — | 2.4300 | 4.3200 | 3.3300% |
|
NASCON ALLIED INDUSTRIES PLC
NASCON |
CONSUMER GOODS | ₦180.0000 | +0.0000% | 818,990 | — | 13.5700 | 13.2600 | 3.3300% |
|
CUSTODIAN INVESTMENT PLC
CUSTODIAN |
CONGLOMERATES | ₦69.0000 | +0.0000% | 260,614 | — | 5.7300 | 12.0300 | 3.2600% |
|
CADBURY NIGERIA PLC.
CADBURY |
CONSUMER GOODS | ₦57.0000 | +0.0000% | 615,643 | — | 19.5900 | 2.9100 | 3.2000% |
|
NIGERIAN AVIATION HANDLING COMPANY PLC
NAHCO |
SERVICES | ₦172.1000 | +0.0000% | 524,617 | — | 21.6200 | 7.9600 | 3.1800% |
|
UNILEVER NIGERIA PLC.
UNILEVER |
CONSUMER GOODS | ₦124.0000 | +2.4800% | 713,753 | — | 20.6900 | 5.8500 | 3.1000% |
|
BUA FOODS PLC
BUAFOODS |
CONSUMER GOODS | ₦939.0000 | +0.0000% | 67,968 | — | 31.5600 | 29.7500 | 2.9800% |
|
CAP PLC
CAP |
INDUSTRIAL GOODS | ₦142.4500 | +0.0000% | 78,699 | — | 18.7900 | 7.5800 | 2.8100% |
|
ECOBANK TRANSNATIONAL INCORPORATED
ETI |
FINANCIAL SERVICES | ₦85.7000 | +0.0000% | 193,054 | — | 3.6100 | 23.4200 | 2.5700% |
|
SOVEREIGN TRUST INSURANCE PLC
SOVRENINS |
FINANCIAL SERVICES | ₦2.0000 | +0.0000% | 289,251 | — | 93.1700 | 0.0200 | 2.5000% |
|
SUNU ASSURANCES NIGERIA PLC.
SUNUASSUR |
FINANCIAL SERVICES | ₦4.0000 | +0.0000% | 976,590 | — | 22.4300 | 0.1800 | 2.5000% |
|
MEYER PLC.
MEYER |
INDUSTRIAL GOODS | ₦18.5500 | +0.0000% | 24,615 | — | 20.9900 | 0.8800 | 2.4300% |
|
LIVINGTRUST MORTGAGE BANK PLC
LIVINGTRUST |
FINANCIAL SERVICES | ₦3.7200 | +9.7300% | 447,165 | — | 16.7600 | 0.2000 | 2.3600% |
|
VFD GROUP PLC
VFDGROUP |
INVESTMENT | ₦10.7000 | -1.8700% | 6,338,698 | — | 12.4700 | 0.8600 | 2.3400% |
|
STERLING FINANCIAL HOLDINGS COMPANY PLC
STERLINGNG |
FINANCIAL SERVICES | ₦8.0000 | -4.3700% | 10,316,714 | — | 5.2600 | 1.5200 | 2.3200% |
|
TRANSCORP POWER PLC
TRANSPOWER |
UTILITIES | ₦245.5000 | +0.0000% | 26,297 | — | 20.8100 | 11.8000 | 2.2400% |
|
ARADEL HOLDINGS PLC
ARADEL |
OIL AND GAS | ₦1526.8000 | +0.0000% | 512,357 | — | 8.4300 | 181.0800 | 2.1600% |
|
RED STAR EXPRESS PLC
REDSTAREX |
SERVICES | ₦20.0000 | -9.5000% | 309,675 | — | 36.2300 | 0.6100 | 2.0400% |
|
ETERNA PLC.
ETERNA |
OIL AND GAS | ₦28.8000 | +0.0000% | 721,401 | — | 10.4000 | 2.7700 | 1.7400% |
|
AIICO INSURANCE PLC.
AIICO |
FINANCIAL SERVICES | ₦4.1300 | +2.2300% | 3,108,626 | — | 8.1300 | 0.5000 | 1.7300% |
|
NIGERIAN EXCHANGE GROUP
NGXGROUP |
FINANCIAL SERVICES | ₦131.2000 | +0.0000% | 1,533,945 | — | 30.9500 | 4.2400 | 1.7100% |
|
AIRTEL AFRICA PLC
AIRTELAFRI |
ICT | ₦5801.4000 | +0.0000% | 7,865 | — | 24.4300 | 257.6200 | 1.7100% |
|
C & I LEASING PLC.
CILEASING |
SERVICES | ₦5.5500 | -5.9300% | 633,204 | — | 6.9900 | 0.8400 | 1.6900% |
|
ACADEMY PRESS PLC.
ACADEMY |
SERVICES | ₦6.4000 | +0.0000% | 67,999 | — | 20.1900 | 0.3200 | 1.5600% |
|
INFINITY TRUST MORTGAGE BANK PLC
INFINITY |
FINANCIAL SERVICES | ₦11.2500 | +0.0000% | 114,846 | — | 31.2200 | 0.3600 | 1.5600% |
|
INDUSTRIAL & MEDICAL GASES NIGERIA PLC
IMG |
NATURAL RESOURCES | ₦34.1000 | +0.0000% | 17,163 | — | 20.7000 | 1.6500 | 1.4700% |
|
FIDSON HEALTHCARE PLC
FIDSON |
HEALTHCARE | ₦102.7500 | +0.0000% | 651,659 | — | 22.2900 | 4.6100 | 1.4600% |
|
JULIUS BERGER NIG. PLC.
JBERGER |
CONSTRUCTION/REAL ESTATE | ₦310.8000 | +0.0000% | 303,638 | — | 17.3000 | 17.9700 | 1.3700% |
|
BETA GLASS PLC.
BETAGLAS |
INDUSTRIAL GOODS | ₦562.8000 | +0.0000% | 120,321 | — | 10.8600 | 51.8300 | 1.2800% |
|
VITAFOAM NIG PLC.
VITAFOAM |
CONSUMER GOODS | ₦194.8000 | +0.0000% | 261,866 | — | 16.6400 | 11.7100 | 1.2800% |
|
PRESCO PLC
PRESCO |
AGRICULTURE | ₦2300.0000 | +0.0000% | 128,724 | — | 19.5800 | 117.4500 | 1.2700% |
|
JAIZ BANK PLC
JAIZBANK |
FINANCIAL SERVICES | ₦8.5000 | -5.0300% | 7,205,236 | — | 12.8100 | 0.7000 | 1.2300% |
|
JAPAUL GOLD & VENTURES PLC
JAPAULGOLD |
OIL AND GAS | ₦2.9500 | -1.0100% | 10,512,159 | — | 34.7500 | 0.0900 | 1.2300% |
|
GUINNESS NIG PLC
GUINNESS |
CONSUMER GOODS | ₦329.0000 | +0.0000% | 263,912 | — | 23.3900 | 14.0600 | 1.2200% |
|
ABBEY MORTGAGE BANK PLC
ABBEYBDS |
FINANCIAL SERVICES | ₦8.0500 | -7.4700% | 719,840 | — | 39.9800 | 0.2500 | 1.2000% |
|
ABBEY BANK PLC
ABBEYBANK |
FINANCIAL SERVICES | ₦10.0000 | +6.0000% | 2,394,758 | — | 39.9800 | 0.2500 | 1.2000% |
|
HONEYWELL FLOUR MILL PLC
HONYFLOUR |
CONSUMER GOODS | ₦16.8500 | +0.0000% | 1,052,305 | — | 8.1000 | 2.0800 | 1.1900% |
|
FIRST HOLDCO PLC
FIRSTHOLDCO |
FINANCIAL SERVICES | ₦95.9500 | +9.9700% | 225,912,721 | — | 15.9100 | 5.2200 | 1.1500% |
|
BERGER PAINTS PLC
BERGER |
INDUSTRIAL GOODS | ₦147.6000 | +0.0000% | 11,501 | — | 24.9000 | 5.9300 | 1.1200% |
|
MUTUAL BENEFITS ASSURANCE PLC.
MBENEFIT |
FINANCIAL SERVICES | ₦3.6700 | +0.0000% | 1,052,417 | — | 4.6200 | 0.7900 | 1.0900% |
|
GEREGU POWER PLC
GEREGU |
UTILITIES | ₦825.7000 | +0.0000% | 17,827 | — | 109.0800 | 7.5700 | 1.0900% |
|
MAY & BAKER NIGERIA PLC.
MAYBAKER |
HEALTHCARE | ₦39.0000 | +0.0000% | 500,759 | — | 14.7400 | 2.6500 | 1.0500% |
|
CONOIL PLC
CONOIL |
OIL AND GAS | ₦210.0000 | +0.0000% | 13,122 | — | 25.1900 | 8.3400 | 0.9500% |
|
IKEJA HOTEL PLC
IKEJAHOTEL |
SERVICES | ₦42.5000 | +0.0000% | 87,683 | — | 6.4700 | 6.5700 | 0.9200% |
|
E-TRANZACT INTERNATIONAL PLC
ETRANZACT |
ICT | ₦14.5000 | +0.0000% | 113,564 | — | 56.8600 | 0.2600 | 0.8600% |
|
ASSOCIATED BUS COMPANY PLC
ABCTRANS |
SERVICES | ₦7.8000 | +0.0000% | 136,876 | 18,662,449,837 | 19.3300 | 0.4000 | 0.7700% |
|
MCNICHOLS PLC
MCNICHOLS |
CONSUMER GOODS | ₦5.3000 | -1.8500% | 3,436,390 | — | 14.4600 | 0.3700 | 0.7400% |
|
SKYWAY AVIATION HANDLING COMPANY PLC
SKYAVN |
SERVICES | ₦171.2000 | +0.0000% | 33,800 | — | 27.3100 | 6.2700 | 0.7000% |
|
CHAMS HOLDING COMPANY PLC
CHAMS |
ICT | ₦4.2000 | -2.7800% | 17,233,810 | — | 59.9400 | 0.0700 | 0.6900% |
|
UNITED BANK FOR AFRICA PLC
UBA |
FINANCIAL SERVICES | ₦45.5000 | +2.8200% | 27,511,022 | — | 5.5500 | 7.9700 | 0.6100% |
|
CHAMPION BREW. PLC.
CHAMPION |
CONSUMER GOODS | ₦11.7500 | -2.0800% | 6,381,467 | — | 92.4600 | 0.1300 | 0.5800% |
|
TRANSCORP HOTELS PLC
TRANSCOHOT |
SERVICES | ₦242.0000 | +0.0000% | 4,529 | — | 110.2400 | 2.2000 | 0.5400% |
|
U A C N PLC.
UACN |
CONGLOMERATES | ₦199.9500 | +0.0000% | 458,963 | — | 28.3700 | 7.0500 | 0.5000% |
|
MULTIVERSE MINING AND EXPLORATION PLC
MULTIVERSE |
NATURAL RESOURCES | ₦25.5000 | +0.0000% | 3,218 | — | 17.6000 | 1.4500 | 0.3900% |
|
MECURE INDUSTRIES PLC
MECURE |
HEALTHCARE | ₦85.4500 | +0.0000% | 114,263 | — | 47.2400 | 1.8100 | 0.3700% |
|
THE INITIATES PLC
TIP |
SERVICES | ₦30.0000 | +0.6700% | 3,461,491 | — | 6.3100 | 4.7200 | 0.3400% |
|
N NIG. FLOUR MILLS PLC.
NNFM |
CONSUMER GOODS | ₦79.4000 | +0.0000% | 2,725 | — | 552.6100 | 0.1400 | 0.3100% |
|
UPDC PLC
UPDC |
CONSTRUCTION/REAL ESTATE | ₦3.8500 | +0.0000% | 1,207,014 | — | 76.2400 | 0.0500 | 0.2600% |
Frequently Asked Questions
What makes a dividend stock 'good' on the NGX?
A good dividend stock combines a strong yield with sustainable earnings. Look for companies with positive EPS, stable cash flow, and a history of consistent payouts. Extremely high yields may signal risk.
Should I focus only on dividend yield?
No. Yield alone can be misleading if the stock price has fallen sharply. Always check earnings (EPS), P/E ratio, and business stability before investing.