November 2025 is shaping up to be exceptional for investors seeking dividend paying stocks in Nigeria has to offer. If you’ve been holding shares in certain Nigerian companies, your patience is about to be rewarded with cash payments hitting your account this month.
This isn’t theoretical advice about which stocks might pay dividends someday. This is your practical guide to companies actually distributing profits to investors this November, along with what you need to know to claim your share.
What is Dividend Payments in Nigeria?
Unlike some international markets where stocks that pay dividends monthly are common, most Nigerian companies pay dividends annually or semi-annually. However, November typically sees a surge in dividend distributions as companies complete year-end processes and reward shareholders before December holidays.
The NSE dividend calendar 2025 shows November as particularly active, with multiple blue-chip companies scheduling payments. Understanding important dates matters, if you want to receive your dividend. The qualification date, closure date, and payment date determine whether you actually receive the dividend.
Missing the qualification date by even one day means waiting until the next dividend cycle, potentially months away.
The Top 10 Dividend Payers This November
1. MTN Nigeria Communications
MTN Nigeria leads November 2025 payments with ₦5 per share dividend, totaling ₦104.98 billion in payouts. This marks MTN’s return to dividend distribution after over two years of suspension.
The company reported ₦750.19 billion profit after tax, reflecting a 14% payout ratio. With shares soaring to ₦489.20 (up 145% year-to-date), MTN demonstrates strong recovery.
Payment Date: November 28, 2025
Dividend: ₦5 per share
Record Date: November 20, 2025
As Nigeria’s largest telecommunications company with over 77 million subscribers, MTN generates consistent cash flow even during economic uncertainty, making it one of the most dependable high yield dividend stocks Africa offers.
2. Dangote Cement Plc
Dangote Cement consistently appears in discussions about dividend aristocrats Nigeria can boast of. The company typically pays final dividends in November – December period, with recent years showing ₦20 – ₦30 per share distributions.
Controlling approximately 60% of Nigeria’s cement market share, Dangote’s dominance in the construction sector provides revenue stability translating to reliable shareholder returns.
Recent Pattern: Final dividends November-December
Typical Yield: 7 – 9%
Track Record: Consistent dividend increases over a decade
3. Zenith Bank Plc
Zenith Bank exemplifies why investors search for best banks stocks Nigeria dividends provide. The bank typically distributes ₦3 – ₦3.50 per share, yielding approximately 7-8% on current share prices.
As one of Nigeria’s most profitable banks, Zenith recorded ₦676.6 billion net income in 2023, maintaining an impressive 18.6% dividend payout ratio.
Typical Payment: November – December period
Dividend Yield: ~7-8%
Financial Strength: Highest net income among Nigerian banks
4. Guaranty Trust Holding Company (GTCO)
GTCO, parent company of GTBank, typically pays ₦2.50 – ₦3 per share during November – December. With shares trading around ₦45 – ₦50, that represents a healthy 5 – 6.7% yield.
Nigerian bank stocks offer particularly attractive dividend yields because banks generate profits through interest rate spreads that widen during inflationary periods.
Recent Payouts: ₦2.50 – ₦3 per share
Dividend Yield: ~5 – 6.7%
5. UBA Plc
United Bank for Africa distributes approximately ₦2.30 – ₦2.80 per share, generating yields of 10 – 12% based on recent share prices. UBA’s pan-African operations provide geographic diversification reducing Nigeria-specific risks.
Typical Dividend: ₦2.30 – ₦2.80 per share
Yield: 10 – 12%
Operations: Present in 20+ African countries
6. Stanbic IBTC Holdings
Stanbic IBTC paid ₦2.50 per share totaling ₦39.75 billion in 2025, yielding approximately 5 – 7.5% on current share prices. As part of Standard Bank Group, Stanbic benefits from international banking expertise while operating in Nigeria’s lucrative market.
2025 Dividend: ₦2.50 per share (₦39.75 billion)
Corporate Focus: Strong relationships with major Nigerian corporations
7. Seplat Energy Plc
Seplat leads 2025 dividend payments overall with US$0.167 per share (approximately ₦255.32 billion total), though payment timing varies. The company declared a 70.1% increase from 2024’s US$0.096 per share.
Energy stocks provide natural inflation hedging as inflation rises, oil prices typically follow, protecting shareholder returns.
2025 Dividend: US$0.167 per share
Growth: 70.1% increase year-over-year
Sector Benefit: Oil price exposure provides inflation hedge
8. Aradel Holdings Plc
Aradel Holdings declared ₦10 per share interim dividend in Q3 2025, totaling ₦43.45 billion. This represents an 18% payout ratio from its ₦245 billion nine-month profit after tax.
Q3 2025 Interim: ₦10 per share
Total Payout: ₦43.45 billion
History: Aradel Holdings Plc previously paid ₦30 per share combined (₦8 interim + ₦22 final)
9. Lafarge Africa Plc
Lafarge Africa rewarded shareholders with ₦4 per share for Q1 2025, totaling ₦64.43 billion. This represents a 31% payout ratio from ₦207.78 billion profit after tax.
The cement maker’s share price jumped 85.9% year-to-date, reaching ₦130, driven by solid earnings and consistent dividend history.
Q1 2025: ₦4 per share (₦64.43 billion)
YTD Performance: +85.9%
Retained Earnings: ₦440.22 billion
10. Okomu Oil Palm Plc
Okomu Oil Palm declared ₦40 per share dividend totaling ₦38.16 billion in 2025. The agricultural company benefits from consistent palm oil demand across food, cosmetics, and industrial applications.
2025 Dividend: ₦40 per share
Total: ₦38.16 billion
Sector: Agricultural commodity producer
How to Claim Your November Dividends
Step 1: Verify Your CSCS Account
All Nigerian stock ownership is recorded through Central Securities Clearing System (CSCS) accounts. Ensure your account details are current, particularly your bank account information where dividends will be deposited.
Step 2: Check Qualification Dates
For November payments, most qualification dates have passed. This article helps you plan for upcoming opportunities. Monitor the NSE dividend calendar 2025 regularly.
Step 3: Understand Tax Implications
Nigeria applies 10% withholding tax on dividend payments. If a company declares ₦10 per share, you receive ₦9 after tax. Factor this into yield calculations.
Step 4: Consider Reinvestment
Some investors automatically reinvest dividends by purchasing more shares, compounding returns over time.
November 2025 Dividend Paying Stocks Market Dynamics
As of Q3 2025, about 21 listed companies declared interim and/or final dividends totaling approximately ₦581 billion from combined profit after tax of ₦3.7 trillion. This represents an aggregate payout ratio of roughly 15.7%, signaling strong shareholder return momentum.
This marks a 30% jump from the ₦715.47 billion disbursed in the first half of 2024, reflecting a surge in shareholder rewards across the Nigerian Exchange.
Total Declared (Q3 2025): ₦581 billion
Companies Participating: 21 listed firms
Combined PAT: ₦3.7 trillion
Payout Ratio: 15.7%
Advantages of Dividend Paying Stocks in Nigeria
Dividend paying stocks Nigeria offers provide several advantages which include the following:
Inflation Protection: Regular dividend payments help offset inflation’s erosion of purchasing power, especially when companies increase dividends over time.
Market Volatility Buffer: During market downturns, dividend payments provide returns even when share prices decline.
Compound Growth: Reinvested dividends purchase more shares, generating more dividends, creating powerful compound effects over decades.
Forced Discipline: Companies paying dividends can not recklessly waste cash. They must generate genuine profits.
Conclusion
This November, billions of naira will flow from profitable Nigerian companies to patient shareholders. Whether you’re receiving MTN’s ₦5 per share or Dangote Cement’s substantial payouts, these payments represent real returns on investment capital.
The high yield dividend stocks Africa provides, particularly in Nigeria, compare favorably to yields in developed markets. A 7 – 8% dividend yield in Nigeria exceeds what most US or European blue-chip stocks offer, though it comes with additional country-specific risks.
For investors building wealth in Nigeria, dividend paying stocks in Nigeria provide a middle ground between growth stock volatility and savings account low returns. They’re not exciting, rarely make headlines, and won’t make you rich overnight. But open your bank account on payment dates, and you’ll see exactly why patient, dividend-focused investors quietly accumulate wealth while others chase hot stock tips. Subscribe to our newsletter to learn more on investment platforms in Nigeria.
