Top 3 Swedish Dividend Stocks To Consider In July 2024
In This Article:
As global markets navigate through a landscape marked by fluctuating trade tensions and shifting economic indicators, Sweden's market remains a focal point for investors seeking stability through dividend stocks. In the context of current market dynamics, where value seems to be gaining an edge over growth, dividend-paying stocks could potentially offer both yield and a degree of safety in uncertain times.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 6.10% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 4.48% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.92% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.53% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.27% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.91% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.20% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.21% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.76% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.86% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top Swedish Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Loomis
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Loomis AB operates in providing comprehensive solutions for the handling, storage, distribution, payment processing, and recycling of cash and other valuables, with a market capitalization of approximately SEK 19.51 billion.
Operations: Loomis AB generates its revenue primarily through two segments: Europe and Latin America with SEK 13.86 billion, and the United States of America with SEK 15.17 billion, alongside a smaller contribution from Loomis Pay amounting to SEK 61 million.
Dividend Yield: 4.5%
Loomis AB, a Swedish firm, recently increased its dividend to SEK 12.50 per share, demonstrating a commitment to shareholder returns despite a dip in net income from SEK 403 million to SEK 359 million in Q1 2024. The company also initiated a share repurchase program, buying back shares worth SEK 200.13 million. While Loomis has a history of volatile dividends, current payouts are well-supported by earnings with a payout ratio of 61.2% and cash flows with a cash payout ratio of 32.4%.
Nordea Bank Abp
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nordea Bank Abp is a financial services group providing banking products and services across Sweden, Finland, Norway, Denmark, and internationally, with a market capitalization of approximately SEK 440.70 billion.
Operations: Nordea Bank Abp generates revenue through various segments including Business Banking (€3.59 billion), Personal Banking (€4.78 billion), Asset and Wealth Management (€1.44 billion), and Large Corporates & Institutions (€2.48 billion).