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List of Nigerian banks offering highest Dividend yields in 2021



List of Nigerian banks offering highest Dividend yields in 2021

The year 2021 is looking more promising than the previous year amid record disruptions in financial markets, with a growing number of high dividend-yielding stocks as the economic recovery garners momentum.


Despite the record boom in the Crypto market, some traditional investors prefer less risky assets, particularly stocks with strong dividend-yield prospects. These stocks come with a history of annual dividend growth, making powerful statements about their financial resilience and commitment to shareholders.

Globally also, many dividend stocks are currently gaining momentum and offering investors a stable option for earning passive income. Here’s a list of Nigerian banks currently posting high dividend yields

Below is the full list of Nigerian banks offering the highest Dividend yields in 2021

Zenith Bank

Nigeria’s most profitable bank, ZenithBank remains of the Nigerian blue-chip stocks offering a decent dividend yield currently pegged at 13.2%.

Guarantee Trust Bank

Gtbank, Nigeria’s most valuable bank by the market value of N843.2 billion at the time of writing this report currently offers a dividend yield of 10.42%.

Access Bank Plc

Access bank, a leading tier 1 Nigerian bank also posts a decent dividend yield of about 9.82%.

Fidelity Bank Plc

fidelity bank plc recently astonished market analysts when it posted a profit after tax for Q1’2021 which swelled by nearly two-third, presently offers a dividend yield of 9.78%.

Stanbic IBTC

StanbicIBTC a leading Nigerian bank is known for its strong wealth and pension management system currently offers a dividend yield of 8.70%

Source: Olumide Adesina @TokunboAdesina

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.

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