Exploring Three Swedish Dividend Stocks In June 2024

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As global markets navigate mixed signals, with some regions showing signs of economic slowing and others rebounding, Sweden's market remains a point of interest for investors looking for stability and yield. In this context, Swedish dividend stocks present an intriguing option for those seeking to balance growth with income in these fluctuating times. A good dividend stock typically offers not just a steady income stream but also the potential for capital appreciation. Given the current economic landscape, companies with robust financial health and a history of consistent dividend payouts are particularly appealing as they are better positioned to weather market volatility.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

6.18%

★★★★★☆

Zinzino (OM:ZZ B)

4.20%

★★★★★☆

Loomis (OM:LOOMIS)

4.24%

★★★★★☆

HEXPOL (OM:HPOL B)

3.15%

★★★★★☆

Axfood (OM:AXFO)

3.11%

★★★★★☆

Duni (OM:DUNI)

4.72%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.49%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

7.85%

★★★★★☆

Bilia (OM:BILI A)

4.56%

★★★★☆☆

Husqvarna (OM:HUSQ B)

3.30%

★★★★☆☆

Click here to see the full list of 20 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

BioGaia

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

Overview: BioGaia AB, a healthcare company based in Sweden, specializes in the development and distribution of probiotic products globally, with a market capitalization of approximately SEK 12.66 billion.

Operations: BioGaia AB generates revenue primarily through its Pediatrics and Adult Health segments, with reported revenues of SEK 999.84 million and SEK 293.44 million respectively.

Dividend Yield: 5.5%

BioGaia's recent strategic expansion into Australia and New Zealand, significant probiotic markets, aligns with its growth strategy. However, despite a slight increase in Q1 2024 earnings with sales reaching SEK 369.8 million and net income at SEK 121.85 million, the company faces challenges regarding dividend stability. BioGaia's dividend payments have shown volatility over the past decade and are not well-covered by cash flows, reflecting a high cash payout ratio of 215.5%.

OM:BIOG B Dividend History as at Jun 2024

Husqvarna

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

Overview: Husqvarna AB (publ) specializes in manufacturing and distributing outdoor power products, watering products, and lawn care equipment, with a market capitalization of approximately SEK 51.27 billion.