Highest dividend stocks in Africa 2026
Ranked by estimated yield, from the last 12 months of recorded dividends.
As of 21 October 2026, the highest estimated yield among the African stocks we track is Datatec Ltd (DTC, JSE) at 38.51%, followed by United Bank for Africa PLC (19.32%) and Afine Investments Ltd (18.33%). Source: AfricanDividends.com.
Top 30 African dividend stocks by estimated yield
| # | Company | Est. yield | Latest dividend | Years of growth | |
|---|---|---|---|---|---|
| 1 | Datatec LtdDTC · JSE | 38.51% | 29 ZAR | 2 | |
| 2 | United Bank for Africa PLCUBA · NGX | 19.32% | 8.75 NGN | 0 | |
| 3 | Afine Investments LtdANI · JSE | 18.33% | 0.3 ZAR | 1 | |
| 4 | Merafe Resources LtdMRF · JSE | 17.78% | 0.16 ZAR | 0 | |
| 5 | Tiger Brands LtdTBS · JSE | 17.00% | 4.3 ZAR | 3 | |
| 6 | eMedia Holdings LtdEMH · JSE | 14.57% | 0.15 ZAR | 0 | |
| 7 | Caxton and CTP Publishers and Printers LtdCAT · JSE | 14.20% | 1 ZAR | 1 | |
| 8 | Sea Harvest Group LtdSHG · JSE | 11.71% | 0.24 ZAR | 0 | |
| 9 | Adcorp Holdings LtdADR · JSE | 11.68% | 0.469 ZAR | 1 | |
| 10 | Frontier Transport Holdings LtdFTH · JSE | 11.19% | 0.398 ZAR | 0 | |
| 11 | AVI LtdAVI · JSE | 11.10% | 7.18 ZAR | 0 | |
| 12 | Collins Property Group LtdCPP · JSE | 10.94% | 0.65 ZAR | 0 | |
| 13 | Coronation Fund Managers LtdCML · JSE | 10.88% | 2.03 ZAR | 2 | |
| 14 | Lewis Group LtdLEW · JSE | 10.77% | 5.6 ZAR | 2 | |
| 15 | British American Tobacco Kenya PLCBAT · NSE | 10.71% | 60 KES | 1 | |
| 16 | Kumba Iron Ore LtdKIO · JSE | 10.60% | 7.9 ZAR | 0 | |
| 17 | Truworths International LtdTRU · JSE | 10.30% | 1.53 ZAR | 0 | |
| 18 | Burstone Group LtdBTN · JSE | 10.03% | 0.483 ZAR | 1 | |
| 19 | Standard Chartered Bank Kenya LtdSCBK · NSE | 9.91% | 8.5 KES | 4 | |
| 20 | Impala Platinum Holdings LtdIMP · JSE | 9.87% | 14.45 ZAR | 1 | |
| 21 | PBT Holdings LtdPBT · JSE | 9.71% | 0.37 ZAR | 1 | |
| 22 | Guaranty Trust Holding Company PLCGTCO · NGX | 9.67% | 1 NGN | 3 | |
| 23 | Exxaro Resources LtdEXX · JSE | 9.60% | 7 ZAR | 0 | |
| 24 | Williamson Tea Kenya PlcWTK · NSE | 9.43% | 15 KES | 0 | |
| 25 | NCBA Group PLCNCBA · NSE | 9.41% | 3.75 KES | 2 | |
| 26 | Emira Property Fund LtdEMI · JSE | 9.39% | 0.646 ZAR | 1 | |
| 27 | Primeserv Group LtdPMV · JSE | 9.23% | 0.215 ZAR | 5 | |
| 28 | Newpark REIT LtdNRL · JSE | 9.19% | 0.241 ZAR | 1 | |
| 29 | Altron LtdAEL · JSE | 8.90% | 1.92 ZAR | 3 | |
| 30 | Bowler Metcalf LtdBCF · JSE | 8.88% | 0.478 ZAR | 2 |
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High yield by market
Highest dividend stocks: questions
Which African stock has the highest dividend yield?
As of 21 October 2026, the highest estimated yield among the African stocks we track is Datatec Ltd (DTC, JSE) at 38.51%, followed by United Bank for Africa PLC (19.32%) and Afine Investments Ltd (18.33%).
Is a high yield a good sign?
Not by itself: it can come from a fallen share price or a one-off dividend. Check the dividend history on the company page.
How is the yield estimated?
Dividends with an ex-date in the last 12 months divided by the share price in our dataset. See the methodology page.