If you hold Nigerian stocks or are actively looking for income-generating investments on the Nigerian Exchange (NGX), dividends are one of the most important signals to track. In 2026, over 60 companies on the NGX have already declared dividends - and a handful are still upcoming, meaning you can still position yourself before the ex-dividend date.
This post covers every dividend declared on the NGX so far in 2026: which stocks paid the most, which offered the best yields, and which ones you can still catch before it's too late.
Live data: NGN Market tracks NGX dividends weekly. For the most up-to-date ex-dividend dates and payment schedules, bookmark our NGX Dividend Calendar.
Quick Stats: NGX Dividends in 2026
| Metric |
Figure |
| Companies that declared dividends |
48+ |
| Total dividend events tracked |
62 |
| Average dividend yield |
3.10% |
| Highest yield this year |
16.95% (NIDF) |
| Upcoming ex-dividend dates remaining |
7 |
Q1 & Q2 2026: NGX Dividends Already Paid
The first half of 2026 was active for dividend investors. From infrastructure debt funds to blue-chip banks, here is every NGX dividend whose ex-date has already passed.
| Company |
Symbol |
Ex-Date |
Dividend (₦) |
Yield |
Type |
| Chapel Hill Denham Infra Debt Fund |
NIDF |
Jan 29 |
4.68 |
16.95% |
Final |
| Neimeth International Pharmaceuticals |
NEIMETH |
Feb 3 |
- |
- |
Other |
| Transcorp Hotels |
TRANSCOHOT |
Feb 16 |
1.20 |
1.02% |
Final |
| Lasaco Assurance |
LASACO |
Feb 23 |
- |
- |
Other |
| Africa Prudential |
AFRIPRUD |
Mar 12 |
0.40 |
3.16% |
Final |
| Zichis Agro Allied |
ZICHIS |
Mar 17 |
0.20 |
2.30% |
Annual |
| NASCON Allied Industries |
NASCON |
Apr 1–2 |
6.00 |
3.95% |
Annual |
| Lafarge Africa |
WAPCO |
Apr 7 |
6.00 |
4.55% |
Final |
| CWG PLC |
CWG |
Apr 8 |
0.70 |
3.52% |
Annual |
| MTN Nigeria |
MTNN |
Apr 8–9 |
15.00 |
2.63% |
Final |
| United Capital |
UCAP |
Apr 8 |
0.70 |
5.62% |
Final |
| The Initiates PLC |
TIP |
Apr 8 |
0.30 |
1.58% |
Annual |
| Nigerian Exchange Group |
NGXGROUP |
Apr 13 |
2.00 |
1.60% |
Final |
| Guaranty Trust Holding Co. |
GTCO |
Apr 13–14 |
11.76 |
9.52% |
Final |
| Geregu Power |
GEREGU |
Apr 14 |
9.00 |
0.79% |
Annual |
| Transcorp Power |
TRANSPOWER |
Apr 14 |
4.00 |
1.79% |
Final |
| Custodian Investment |
CUSTODIAN |
Apr 14 |
2.50 |
3.77% |
Final |
| NEM Insurance |
NEM |
Apr 15 |
1.50 |
4.70% |
Annual |
| Fidson Healthcare |
FIDSON |
Apr 15 |
1.50 |
1.50% |
Annual |
| SFS Real Estate Investment Trust |
SFSREIT |
Apr 20 |
28.30 |
6.76% |
Annual |
| UPDC Real Estate Investment Trust |
UPDCREIT |
Apr 20 |
0.33 |
10.63% |
Final |
| Guinness Nigeria |
GUINNESS |
Apr 20 |
2.00 |
0.40% |
Interim |
| Infinity Trust Mortgage Bank |
INFINITY |
Apr 20 |
0.35 |
1.84% |
Annual |
| Berger Paints |
BERGER |
Apr 23–24 |
1.25 |
2.39% |
Final |
| UPDC PLC |
UPDC |
Apr 23 |
0.01 |
0.24% |
Annual |
| Mecure Industries |
MECURE |
Apr 24 |
0.32 |
0.53% |
Annual |
| Chapel Hill Denham Infra Debt Fund |
NIDF |
Apr 29 |
4.53 |
14.69% |
Interim |
| Consolidated Hallmark Holdings |
CONHALLPLC |
Apr 30 |
0.15 |
4.85% |
Final |
| Meyer PLC |
MEYER |
May 3 |
0.45 |
2.81% |
Annual |
| Nigerian Aviation Handling Co. |
NAHCO |
May 4 |
6.25 |
2.42% |
Annual |
| VFD Group |
VFDGROUP |
May 5 |
0.25 |
2.35% |
Annual |
| BUA Cement |
BUACEMENT |
May 10–11 |
10.00 |
2.34% |
Annual |
| Ikeja Hotel |
IKEJAHOTEL |
May 10 |
0.30 |
1.42% |
Final |
| Abbey Mortgage Bank |
ABBEYBDS |
May 12 |
0.12 |
2.02% |
Annual |
| May & Baker Nigeria |
MAYBAKER |
May 19 |
0.50 |
1.16% |
Annual |
| Associated Bus Company |
ABCTRANS |
May 24 |
0.06 |
1.05% |
Annual |
| AIICO Insurance |
AIICO |
May 28–29 |
0.12 |
2.58% |
Annual |
| Haldane McCall |
HMCALL |
May 28–29 |
0.05 |
1.29% |
Annual |
| Julius Berger Nigeria |
JBERGER |
May 31–Jun 1 |
4.25 |
1.35% |
Annual |
| Skyway Aviation Handling Co. |
SKYAVN |
Jun 3 |
1.20 |
0.76% |
Annual |
| Jaiz Bank |
JAIZBANK |
Jun 3 |
0.11 |
1.22% |
Annual |
| CAP PLC |
CAP |
Jun 4 |
4.00 |
2.23% |
Annual |
| BUA Foods |
BUAFOODS |
Jun 4–5 |
28.00 |
2.98% |
Annual |
| Industrial & Medical Gases Nigeria |
IMG |
Jun 5 |
0.50 |
1.33% |
Annual |
Best Performing NGX Dividend Stocks in 2026
These are the top NGX stocks by dividend yield so far in 2026 - ranked by how much income they returned relative to their share price at the time of declaration.
1. NIDF - Chapel Hill Denham Nigeria Infrastructure Debt Fund (16.95%)
NIDF is the standout yield story of 2026. The fund paid a Final dividend of ₦4.68 in January at a yield of 16.95%, followed by an Interim payment of ₦4.53 in April at 14.69%. Infrastructure debt funds by design distribute most of their income as dividends, making NIDF one of the most consistent high-yield instruments on the NGX.
2. UPDCREIT - UPDC Real Estate Investment Trust (10.63%)
UPDC REIT paid ₦0.33 on April 20 at a yield of 10.63%. REITs are legally required to distribute a large portion of income, which structurally supports high yields. UPDC REIT remains one of the few double-digit yield opportunities on the Nigerian market.
3. GTCO - Guaranty Trust Holding Company (9.52%)
Nigeria's most-watched bank delivered a ₦11.76 dividend in April - one of the largest absolute payouts among tier-1 banks - at a yield of 9.52%. For most retail investors, GTCO is the dividend stock of 2026.
4. SFSREIT - SFS Real Estate Investment Trust (6.76%)
SFS REIT distributed ₦28.30 on April 20 at 6.76%. The fund continues to attract income-focused investors as one of the higher-yielding listed funds on the exchange.
5. United Capital (5.62%)
United Capital paid ₦0.70 in early April at a yield of 5.62%, continuing its track record of strong shareholder returns relative to share price.
Other notable mentions: NEM Insurance (4.70%), Lafarge Africa / WAPCO (4.55%), Consolidated Hallmark Holdings (4.85%), Dangote Cement (4.14% - upcoming).
Upcoming NGX Dividends: Q2–Q3 2026
There are still 7 NGX dividends with ex-dates you can act on before the end of Q3 2026. To receive a dividend, you must own the shares before the ex-dividend date.
| Company |
Symbol |
Ex-Date |
Dividend (₦) |
Yield |
Pay Date |
| U A C N PLC |
UACN |
Jun 15 |
1.00 |
0.55% |
Jun 26 |
| Dangote Cement |
DANGCEM |
Jun 17–18 |
45.00 |
4.14% |
Jul 1–2 |
| Chams Holding Company |
CHAMS |
Jun 19 |
0.03 |
0.75% |
Jul 10 |
| Airtel Africa |
AIRTELAFRI |
Jun 22 |
58.59 |
2.71% |
Jul 24 |
| McNichols PLC |
MCNICHOLS |
Jun 29 |
0.06 |
0.80% |
Aug 5 |
| Ikeja Hotel |
IKEJAHOTEL |
Jul 5 |
0.30 |
1.00% |
Aug 2 |
Two names worth paying attention to:
Dangote Cement (DANGCEM) - ₦45 per share with an ex-date of June 17–18 and a 4.14% yield is the biggest dividend event still available to investors this quarter. Dangote Cement has been one of the most consistent dividend payers on the NGX for years.
Airtel Africa (AIRTELAFRI) - A Final dividend of ₦58.59 per share with an ex-date of June 22. At 2.71%, the yield is more modest, but the absolute naira payout makes this significant for shareholders with larger positions.
Don't miss a date. Ex-dividend dates shift year to year. Check our live NGX Dividend Calendar to get the most current schedule and set reminders before you miss an ex-date.
Sectors Paying Out in 2026
| Sector |
Notable Payers |
Range of Yields |
| Banking & Finance |
GTCO, UCAP, JAIZBANK |
1.2% – 9.5% |
| REITs & Funds |
NIDF, UPDCREIT, SFSREIT |
6.7% – 16.9% |
| Cement & Construction |
DANGCEM, BUACEMENT, WAPCO |
2.3% – 4.1% |
| Consumer Goods |
BUAFOODS, GUINNESS |
0.4% – 3.0% |
| Telecoms |
MTNN, AIRTELAFRI |
2.6% – 2.7% |
| Insurance |
AIICO, NEM, CUSTODIAN |
2.6% – 4.7% |
| Aviation |
NAHCO, SKYAVN |
0.8% – 2.4% |
REITs and infrastructure funds consistently offer the highest yields because they are structurally required to distribute income. Among equities, large-cap banks (especially GTCO) and cement companies tend to offer the most competitive absolute payouts.
How to Read an NGX Dividend
Ex-Dividend Date - You must hold the shares on or before this date to qualify for the dividend. If you buy on or after the ex-date, you will not receive the payment.
Payment Date - The date the cash is credited to eligible shareholders' accounts, typically 2–6 weeks after the ex-date.
Dividend Yield - The dividend per share expressed as a percentage of the share price at declaration. A stock paying ₦11.76 on a ₦123 share has a yield of ~9.5%.
Frequently Asked Questions
What is the highest dividend yield stock on the NGX in 2026?
NIDF (Chapel Hill Denham Nigeria Infrastructure Debt Fund) leads with a 16.95% yield on its January 2026 Final dividend, followed by UPDCREIT at 10.63% and GTCO at 9.52%.
When does GTCO pay its 2026 dividend?
GTCO's 2026 Final dividend of ₦11.76 per share had an ex-dividend date of April 13–14, 2026, with payment on April 27–28, 2026.
When does Dangote Cement pay dividend in 2026?
Dangote Cement (DANGCEM) has declared a ₦45 per share dividend with an ex-date of June 17–18, 2026, and payment on July 1–2, 2026.
What is Airtel Africa's dividend for 2026?
Airtel Africa (AIRTELAFRI) declared a Final dividend of approximately ₦58.59 per share, with an ex-dividend date of June 22, 2026, and a payment date of July 24, 2026.
Has MTN Nigeria paid its 2026 dividend?
Yes. MTN Nigeria (MTNN) paid a Final dividend of ₦15.00 per share with an ex-date of April 8–9, 2026, and payment on May 4–5, 2026.
How many NGX companies have paid dividends in 2026?
As of June 2026, over 48 companies on the Nigerian Exchange have declared or paid dividends, with 55 dividend events whose ex-dates have already passed.
What does "ex-dividend date" mean on the NGX?
The ex-dividend date is the cutoff. To receive the dividend, you must own the shares before this date. Shares purchased on or after the ex-date do not qualify for that dividend payment.
Which Nigeria banks paid dividends in 2026?
GTCO paid ₦11.76 per share (9.52% yield) and Jaiz Bank paid ₦0.11 per share. Several other banks are expected to announce dividends in H2 2026.
Is Lafarge Africa (WAPCO) paying dividend in 2026?
Yes. Lafarge Africa paid a ₦6.00 Final dividend in April 2026 at a yield of 4.55%.
Where can I see all upcoming NGX dividend dates?
NGN Market maintains a live NGX Dividend Calendar updated every week with the latest ex-dates, payment dates, and declared amounts for all NGX-listed companies.
Do NGX dividends qualify for withholding tax?
Yes. Dividends paid by Nigerian companies are subject to a 10% withholding tax deducted at source before payment reaches shareholders.
What is the average dividend yield on the NGX in 2026?
Among companies that declared dividends with a reported yield, the average across all 2026 events is approximately 3.10% - though this varies significantly by sector, with REITs and infrastructure funds in the 7–17% range and equities typically between 1–5%.
Stay Updated
Dividend dates change every year, and companies sometimes announce special or interim dividends mid-cycle. The best way to stay on top of every NGX dividend is our live Dividend Calendar - sourced directly from the NGX and refreshed every week.
Whether you're building a passive income portfolio or just tracking when your GTCO or Dangote shares pay out, bookmark it and check back before every ex-date.
