Top 10 Highest Dividend Yield Stocks on NGX in 2025 --- UBA, Fidelity & GTCO Lead

Top 10 Highest Dividend Yield Stocks on the Nigerian Stock Exchange (NGX) in 2025: A Comprehensive Analysis.

In the dynamic world of Nigerian investments, high dividend yield stocks on the NGX remain a cornerstone for income-focused portfolios. As of November 2025, with Nigeria's economy showing resilience amid global uncertainties, best dividend stocks in Nigeria 2025 offer attractive yields averaging over 7%, blending steady payouts with growth potential. This guide dives into the top 10 highest dividend yield stocks NGX 2025, evaluating their profitability metrics, valuation metrics, growth metrics, and financial health. Whether you're a seasoned investor or new to the Nigerian stock market dividend investing, these insights—drawn from recent financial reports—empower data-driven decisions for superior returns.

Drawing from updated market data as of November 10, 2025, here's the ranked list, based on trailing 12-month dividend yields. Yields reflect current share prices and declared dividends, emphasizing sustainable payers in banking, real estate, and energy sectors. credit: simplywall.st

1. United Bank for Africa (UBA) – 13.1% Yield

UBA leads as a pan-African banking giant, rewarding shareholders with robust dividends amid strong regional expansion

• Profitability Metrics: ROE ~28% (driven by Q3 2025 PAT of N537.53B, up 2.3% YoY); ROA ~1.7%; Net Profit Margin ~22%. credit: authorityngr.com
• Valuation Metrics: P/E 2.35x (undervalued vs. peers); P/B 0.4x; Dividend Yield 13.1%.
• Growth Metrics: Revenue growth 17.3% in H1 2025; EPS growth 33.2% in Q1 2025; Future EPS estimate +16.6%. credit: simplywall.st
• Financial Health: Debt/Equity ~9x (typical for banks); Current Ratio 1.2x; Interest Coverage >5x, with total assets at N32.5T

UBA's low valuation signals upside, ideal for high yield dividend investment in Nigeria.

2. Fidelity Bank (FIDELITYBK) – 12.8% Yield

Fidelity's digital push and SME focus fuel its high-yield appeal in Nigeria's competitive banking landscape.

• Profitability Metrics: ROE ~35%; ROA ~2.5%; Net Profit Margin ~30% (Q1 2025 PBT up 167.8% to N105.8B). credit; fidelitybank.ng 
• Valuation Metrics: P/E 3.1x; P/B 1.1x; Dividend Yield 12.8%.
• Growth Metric: Revenue growth 87.7% in FY2024; EPS growth 210% in 2024; Projected PBT N500B for 2025. credit  nairametrics.com
• Financial Health: Debt/Equity ~8x; Current Ratio 1.3x; CAR 23.5%, with NPL ratio at 3.1%.

Fidelity exemplifies NGX stocks with high dividends in 2025 through aggressive recapitalization.

3. UH Real Estate Investment Trust (UHOMREIT) – 9.7% Yield

This REIT capitalizes on Nigeria's property boom, offering stable income via rental yields.

• Profitability Metrics: ROE ~12%; ROA ~8%; Net Profit Margin ~65%.
• Valuation Metrics: P/E N/A (REIT structure); P/B 0.9x; Dividend Yield 9.7%.
• Growth Metrics: Revenue growth 15% YoY; EPS growth 10%; Future estimate +12%.
• Financial Health: Debt/Equity 0.5x (low leverage); Current Ratio 2.1x; Strong liquidity with market cap N9.8B.

UHOMREIT suits conservative dividend investing strategies Nigeria 2025.

4. Guaranty Trust Holding (GTCO) – 9.5% Yield

GTCO's diversified ecosystem across Africa drives consistent payouts and expansion.

• Profitability Metrics: ROE 39.5%; ROA 7.6%; Net Profit Margin ~42% (Q3 2025 PBT N900.8B).
• Valuation Metrics: P/E 4.5x; P/B 0.8x; Dividend Yield 9.5%.
• Growth Metrics: Revenue growth 15.5% in Q3 2025; EPS growth 107.8% in 2024; Future +15.2%.
• Financial Health: Debt/Equity ~7x; Current Ratio 1.4x; CAR 36.5%.

GTCO's metrics highlight its role in top dividend yield stocks Nigerian exchange.

5. Zenith Bank (ZENITHBANK) – 8.8% Yield

Zenith's innovation in digital banking underpins its high-yield status.

• Profitability Metrics: ROE 29.7%; ROA ~2.8%; Net Profit Margin ~25% (Q1 2025 PAT up 20.7% to N311.8B). credit: gurufocus.com  nairametrics.com
• Valuation Metric: P/E 5.2x; P/B 0.5x; Dividend Yield 8.8%.
• Growth Metric: Revenue growth 20% in H1 2025; EPS growth 21%; Future +13.8%.
• Financial Health: Debt/Equity ~6x; Current Ratio 1.5x; NPL 3.1%, CAR 26%.

Zenith remains a blue-chip pick for high dividend stocks NGX 2025.

6. UPDC Real Estate Investment Trust (UPDCREIT) – 7.6% Yield

UPDCREIT leverages urban real estate for reliable distributions.

• Profitability Metrics: ROE ~10%; ROA ~7%; Net Profit Margin ~60%.
• Valuation Metrics: P/E N/A; P/B 0.5x; Dividend Yield 7.6%.
• Growth Metrics: Revenue growth 12% YoY; EPS growth 8%; Future +10%.
• Financial Health: Debt/Equity 0.4x; Current Ratio 1.8x; Market cap N18.1B.

A defensive play in Nigeria high yield investments 2025.

7. Nigerian Aviation Handling (NAHCO) – 6.3% Yield

NAHCO benefits from aviation recovery, boosting cargo and ground services.

• Profitability Metrics: ROE ~25%; ROA ~10%; Net Profit Margin 25.5% (9M 2025 PAT up 47%). credit: nairametrics.com
• Valuation Metrics: P/E 10.8x; P/B 3.2x; Dividend Yield 6.3%.
• Growth Metrics: Revenue growth 102% in H1 2025; EPS growth 166%; Future +20%.
• Financial Health: Debt/Equity 0.2x; Current Ratio 2.5x; Altman Z-Score 6.81.

NAHCO's surge positions it for NGX dividend growth stocks.

8. Total Energies Marketing Nigeria (TOTAL) – 6.3% Yield

Energy demand drives Total's steady fuel and lubricant sales.

• Profitability Metrics: ROE ~20%; ROA ~5%; Net Profit Margin ~2.6% (FY2024 PAT up 113% to N27.4B). credit: africanfinancials.com
• Valuation Metrics: P/E 8.5x; P/B 4.6x; Dividend Yield 6.3%.
• Growth Metrics: Revenue growth 64% in 2024; EPS growth 113%; Q2 2025 revenue est. N191.6B. credit: simplywall.st 
• Financial Health: Debt/Equity 1.5x; Current Ratio 1.1x; Strong cash flows.

Essential for sustainable dividend stocks in Nigeria.

9. NPF Microfinance Bank (NPFMCRFBK) – 5.6% Yield

Targeted at police community, NPF offers niche micro-lending stability.

• Profitability Metrics: ROE ~18%; ROA ~2%; Net Profit Margin ~20%.
• Valuation Metrics: P/E 6.6x; P/B 1.2x; Dividend Yield 5.6%.
• Growth Metrics: Revenue growth 25% in Q1 2025; EPS growth 15%; Future +10%.
• Financial Health: Debt/Equity ~5x; Current Ratio 1.6x; Total assets N67.8B.

Niche appeal in microfinance dividend yields on NGX.

10. Learn Africa (LEARNAFRCA) – 5.3% Yield

Educational publishing growth aligns with Nigeria's literacy push.

• Profitability Metrics: ROE ~15%; ROA ~8%; Net Profit Margin ~25%.
• Valuation Metrics: P/E 6.5x; P/B 1.0x; Dividend Yield 5.3%.
• Growth Metrics: Revenue growth 20% YoY; EPS growth 12%; Future +15%.
• Financial Health: Debt/Equity 0.3x; Current Ratio 2.0x; Market cap N5.1B.

A value pick for long-term high dividend growth in Nigeria.

Why Invest in These High Dividend Yield Stocks NGX 2025?

These stocks showcase diversified sectors, with banks dominating due to high interest margins. Average P/E ~5x indicates undervaluation, while yields exceed NGX benchmarks. Risks include FX volatility and inflation, but strong CARs (avg. 25%) ensure resilience. For best high yield dividend stocks in Nigeria, prioritize those with payout ratios less than 60% for sustainability.

Disclaimer: This is not a professional investment advise, this blog post is only intended for general information ,you must consult your stock broker or professional investment advisor  before any investment decisions are made.