3 Swedish Dividend Stocks With Yields Ranging From 3% To 4.4%

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As global markets navigate through a landscape of moderate gains and shifting investor sentiments, Sweden's market remains an interesting area for those interested in dividend stocks. In the current economic environment, selecting stocks with reliable dividend yields could be a prudent strategy for investors looking to generate steady income.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Zinzino (OM:ZZ B)

4.44%

★★★★★★

Betsson (OM:BETS B)

6.00%

★★★★★☆

Loomis (OM:LOOMIS)

4.58%

★★★★★☆

HEXPOL (OM:HPOL B)

3.36%

★★★★★☆

Axfood (OM:AXFO)

3.06%

★★★★★☆

Duni (OM:DUNI)

5.00%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.32%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.50%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.47%

★★★★★☆

Husqvarna (OM:HUSQ B)

3.51%

★★★★☆☆

Click here to see the full list of 25 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Bahnhof

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Bahnhof AB (publ) operates in the Internet and telecommunications sector primarily in Sweden and other parts of Europe, with a market capitalization of approximately SEK 5.43 billion.

Operations: Bahnhof AB generates revenue through its Retail Market segment, which brought in SEK 1.30 billion, and the Corporate Market segment (excluding Typhoon), which contributed SEK 606.24 million.

Dividend Yield: 4%

Bahnhof AB's dividend sustainability is questionable with a high payout ratio of 97.5%, indicating dividends are not well covered by earnings, despite a stable 10-year history and recent growth. The cash payout ratio at 76.9% suggests dividends are supported by cash flow. Recent financials show a revenue increase to SEK 491.38 million and net income rise to SEK 56.17 million in Q1 2024, reflecting some operational strength, but its dividend yield at 3.96% remains below the top Swedish payers' average.

OM:BAHN B Dividend History as at Jun 2024
OM:BAHN B Dividend History as at Jun 2024

Bulten

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Bulten AB (publ) is a global manufacturer and distributor of fasteners, providing services and solutions for industries including light and heavy vehicles, automotive suppliers, and consumer electronics, with a market capitalization of SEK 1.75 billion.

Operations: Bulten AB generates its revenue primarily from the manufacture and distribution of fasteners, accumulating SEK 5.90 billion in sales.

Dividend Yield: 3%

Bulten's dividend profile shows a mixed performance with a reasonable payout ratio of 54.7% suggesting earnings cover dividends adequately, yet the company has experienced volatility in its dividend payments over the past decade. Despite this, dividends have grown within this period. Bulten's dividend yield at 3% is lower than the top quartile of Swedish dividend stocks. Additionally, recent financial results indicate a slight decline in net income from SEK 75 million to SEK 68 million year-over-year, with sales increasing to SEK 1.53 billion from SEK 1.39 billion.