The typical associated investment ideas that come to mind when Nigerians think about investing are real estate, saving accounts, fixed deposits and businesses.
Another way, though, is to invest in the Nigerian stock market, which allows investors to invest in listed firms and generate profits from dividends.
Payments companies make to shareholders from their profits are dividends. Companies that have a history of paying out dividends can be appealing to investors seeking regular income.
A dividend yield is one way to measure dividend paying stocks, by comparing the amount of a dividend paid by the company and the price of the stock itself.
For example, if a firm’s share price is N100 with a dividend payout of N10, the dividend yield of the firm is 10 per cent.
Some of the Nigerian stocks have recorded dividend yield which matches fees one can get from fixed deposits, but dividend payment is not guaranteed and prices of particular stocks may change.
In this article Tribune online seven Nigerian stocks that stood out for their dividend payouts based on available 2025 and early 2026 data.
Access Holdings Plc
Access Holdings is one of the Nigerian financial institutions that has attracted dividend-focused investors because of its regular shareholder distributions.
In April 2025, the company’s board approved a final dividend of N2.05 per share for the financial year ended December 31, 2024. This brought the total dividend for the year to N2.50 per share.
Based on a share price of about N22.50 in early 2026, the total dividend represented a yield of approximately 9.15 per cent.
For an investor holding 100 shares, a N2.50 dividend per share would amount to N250 in dividend income.
The company’s dividend record, alongside its earnings performance and expansion plans, has made Access Holdings one of the stocks investors watch when looking for income from the Nigerian Exchange.
GTCO Holdings
GTCO Holdings is another major Nigerian financial services company known for rewarding shareholders through dividends.
The company paid a final dividend of N7.03 per share in April 2025 for the previous financial year. It subsequently declared an interim dividend of N1 per share in September 2025.
Combined, the two payments amounted to N8.03 per share in 2025.
Based on the share price used in the source data, the dividend yield was approximately 8.15 per cent.
For someone holding 100 GTCO shares, the combined dividend payments would amount to about N803.
The company’s dividend history and financial performance have continued to make it one of the Nigerian stocks of interest to investors seeking income from shares.
Zenith Bank Plc
Zenith Bank has a long-standing record of paying dividends to shareholders and remains one of the prominent dividend-paying stocks on the Nigerian Exchange.
For the half-year ended June 30, 2025, the bank declared an interim dividend of N1.25 per share, which was paid in October 2025.
This came after the N4 final dividend paid in April 2025, bringing the total dividend from the two payments to N5.25 per share.
Using a share price of about N71 in January 2026, the combined dividend represented a yield of approximately 7.4 per cent.
An investor holding 1,000 shares would have received about N5,250 from the combined dividend payments.
Zenith Bank’s history of shareholder distributions has helped maintain its appeal among investors interested in dividend income.
United Bank for Africa (UBA)
United Bank for Africa (UBA) is another major Nigerian bank that has consistently featured among dividend-paying companies on the Nigerian Exchange.
In 2025, UBA declared an interim dividend of N0.25 per share for the first half of the year.
Dividend tracking data cited in the source material put UBA’s annual dividend at about N3.25 per share, translating to a dividend yield of approximately 7.4 per cent based on the share price at the time.
For an investor holding 1,000 shares, a N3.25 dividend per share would amount to N3,250 in annual dividend income.
UBA’s size, earnings performance and history of shareholder payouts have kept the company on the radar of investors seeking both dividend income and potential capital appreciation.
Fidelity Bank Plc
Fidelity Bank is another Nigerian financial institution that has rewarded shareholders through dividends.
In 2025, the bank paid a final dividend of N1.25 per share for the previous financial year.
Based on the share price referenced in the source data, the payment represented a dividend yield of approximately 6.6 per cent.
An investor holding 1,000 shares would have received N1,250 from the N1.25 dividend per share.
Fidelity has also paid interim dividends in some previous years, giving it a track record worth considering for investors looking at companies with a history of returning part of their profits to shareholders.
Seplat Energy Plc
Seplat Energy is one of Nigeria’s leading independent energy companies and has also built a reputation for returning cash to shareholders.
The company pays dividends quarterly, giving shareholders the opportunity to receive income at different points during the year rather than waiting for one annual payment.
Based on the dividend data provided in the source material, Seplat’s annual dividend was about N362.60 per share, while its share price was around N5,809.
This translated to a dividend yield of approximately 5.4 per cent.
For an investor holding 1,000 shares, the stated annual dividend would amount to about N362,600, assuming the same dividend level.
Beyond its dividend payments, Seplat provides investors with exposure to Nigeria’s energy sector, although its share price and future dividend payments remain subject to market and business conditions.
Dangote Cement Plc
As Sub-Saharan Africa’s largest cement manufacturer, Dangote Cement dominates the infrastructure building sector. Its solid pricing power and strong cash generation allow the board to declare massive annual dividends per share year after year. Long-term retail holders enjoy payouts that far exceed the low single digits typical of fixed savings.
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