Top Swedish Dividend Stocks To Consider In August 2024
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As the European economy experiences a boost from the Paris Olympics and Sweden's Riksbank reduces borrowing costs, investors are increasingly looking toward stable dividend stocks as a reliable source of income. In this context, identifying high-quality Swedish dividend stocks can be particularly advantageous, offering not only potential for steady returns but also resilience amid fluctuating market conditions.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Bredband2 i Skandinavien (OM:BRE2) | 4.28% | ★★★★★★ |
| Betsson (OM:BETS B) | 5.67% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.65% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.92% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.49% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.14% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.98% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.40% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.77% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.82% | ★★★★☆☆ |
Click here to see the full list of 19 stocks from our Top Swedish Dividend Stocks screener.
We'll examine a selection from our screener results.
Avanza Bank Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Avanza Bank Holding AB (publ) and its subsidiaries provide a variety of savings, pension, and mortgage products in Sweden with a market cap of SEK37.89 billion.
Operations: Avanza Bank Holding AB (publ) generates SEK3.96 billion in revenue from its commercial operations.
Dividend Yield: 4.8%
Avanza Bank Holding's dividend payments have increased over the past decade, though they have been volatile. The current payout ratio of 87.3% indicates dividends are covered by earnings, and a cash payout ratio of 55.8% suggests coverage by cash flows is reasonable. Trading at 9% below its estimated fair value, Avanza's dividend yield of 4.77% is in the top quartile in Sweden. Recent collaborations and customer growth underscore its robust operational performance.
Knowit
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK4.40 billion.
Operations: Knowit AB (publ) generates revenue from various segments, including Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).
Dividend Yield: 3.2%
Knowit AB's recent earnings report showed a decline in revenue and net income, impacting its dividend reliability. The company's dividend yield of 3.23% is below the top quartile in Sweden, and its dividends have been volatile over the past decade. However, with a cash payout ratio of 41.6%, dividends are well covered by cash flows, and a payout ratio of 77.3% indicates earnings coverage is adequate despite an unstable track record.