Top Nigerian Stocks with Best Dividend Yields for 2024.

For the financial year ending in 2023, companies listed on the Nigerian Exchange (NGX) distributed over N1.5 trillion in dividends. Here are the top 10 companies with the highest dividend yields based on their ex-dividend date share prices:

Smart Products Plc - 40.00%

Dividend: 8.00 kobo per share
Share Price: 20 kobo
Total Dividend: N3.6 million

SFS REIT - 14.31%

Dividend: N14.5
Share Price: N101
Total Dividend: N290 million

Zenith Bank Plc - 12.27%

Dividend: N4
Share Price: N33
Total Dividend: N125.6 billion

United Bank for Africa (UBA) Plc - 11.89%

Dividend: N2.8
Share Price: N24
Total Dividend: N95.8 billion

Presco Plc - 9.84%

Dividend: N26.3
Share Price: N267
Total Dividend: N26.3 billion

GTCO Holdings - 9.79%

Dividend: N3.2
Share Price: N33
Total Dividend: N94.2 billion

UPDC REIT - 9.65%

Dividend: N0.41
Share Price: N4
Total Dividend: N1.09 billion

Access Holdings Plc - 9.33%

Dividend: N2.1
Share Price: N23
Total Dividend: N74.6 billion

Fidelity Bank Plc - 9.24%

Dividend: N0.85
Share Price: N9.00
Total Dividend: N27.2 billion

Custodian Investment Plc - 8.56%

Dividend: N0.8
Share Price: N9.00
Total Dividend: N5.9 billion

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