Amidst a backdrop of global economic uncertainty and fluctuating indices, the Swedish market has shown resilience, drawing attention from dividend-focused investors. In such a volatile environment, identifying reliable dividend stocks with robust yields can provide a steady income stream and potential for capital appreciation.

Top 10 Dividend Stocks In Sweden

Click here to see the full list of 22 stocks from our Top Swedish Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Eolus Vind

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

Overview: Eolus Vind AB (publ) focuses on developing, constructing, and operating renewable energy assets across several countries including Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states with a market cap of SEK1.68 billion.

Operations: Eolus Vind AB (publ) generates revenue primarily from the development, construction, and operation of renewable energy projects across multiple countries.

Dividend Yield: 3.3%

Eolus Vind's dividend payments have been volatile over the past decade but have shown recent growth. The company declared a SEK 2.25 per share dividend for 2023, covered by both earnings (10.1% payout ratio) and cash flows (55.5% cash payout ratio). Despite trading at a significant discount to its estimated fair value, Eolus faces challenges with declining sales and revenue in Q1 2024, reporting a net loss of SEK 32 million.

• Unlock comprehensive insights into our analysis of Eolus Vind stock in this dividend report.

• Our comprehensive valuation report raises the possibility that Eolus Vind is priced lower than what may be justified by its financials.

Nordea Bank Abp

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

Overview: Nordea Bank Abp provides banking products and services across Sweden, Finland, Norway, Denmark, and internationally with a market cap of SEK410.43 billion.

Operations: Nordea Bank Abp's revenue segments include Business Banking (€3.59 billion), Personal Banking (€4.78 billion), Asset and Wealth Management (€1.44 billion), and Large Corporates & Institutions (€2.48 billion).

Dividend Yield: 9%

Nordea Bank Abp's dividend yield is among the top 25% in Sweden, and its dividends are covered by earnings with a payout ratio of 63.8%. However, the dividend history has been volatile over the past decade. Recent legal issues regarding anti-money laundering have surfaced, but Nordea maintains adequate provisioning. Despite these challenges, Nordea reported stable earnings for Q2 2024 and continues to trade below its estimated fair value by 60.9%.