Dividend investing remains one of the most reliable wealth-building strategies in Nigeria. With inflation pressures and currency volatility, dividend-paying stocks offer investors consistent income and capital appreciation.
Below are some of the most consistent dividend-paying companies on the Nigerian Exchange (NGX).
Zenith Bank has maintained strong profitability and consistent dividend payouts over the years. It is widely considered one of Nigeria’s most stable banking stocks.
Why investors like it:
GTCO continues to deliver impressive shareholder returns through dividends and capital growth.
Investor appeal:
One of the largest cement producers in Africa, Dangote Cement has a history of rewarding shareholders through consistent payouts.
Why it stands out:
MTN Nigeria has become a dividend favorite due to its massive subscriber base and telecom dominance.
Highlights:
Though expensive per share, Nestlé has historically paid strong dividends due to its consumer goods strength.
Below are some of the most consistent dividend-paying companies on the Nigerian Exchange (NGX).
Zenith Bank Plc
Zenith Bank has maintained strong profitability and consistent dividend payouts over the years. It is widely considered one of Nigeria’s most stable banking stocks.Why investors like it:
- Strong earnings record
- Regular dividend payments
- Solid capital base
GTCO (Guaranty Trust Holding Company)
GTCO continues to deliver impressive shareholder returns through dividends and capital growth.Investor appeal:
- Strong brand recognition
- Efficient cost management
- Attractive dividend yield historically
Dangote Cement Plc
One of the largest cement producers in Africa, Dangote Cement has a history of rewarding shareholders through consistent payouts.Why it stands out:
- Market dominance
- Strong revenue base
- Blue-chip stability
MTN Nigeria
MTN Nigeria has become a dividend favorite due to its massive subscriber base and telecom dominance.Highlights:
- High revenue growth
- Expanding fintech business
- Reliable dividend history
Nestlé Nigeria
Though expensive per share, Nestlé has historically paid strong dividends due to its consumer goods strength.How to Evaluate Dividend Stocks
Before investing, consider:- Dividend yield
- Earnings growth
- Debt levels
- Industry stability
- Economic outlook
