Loomis And Two Other Leading Dividend Stocks In Sweden

In This Article:

As global markets navigate through varying economic signals, Sweden's market remains a focal point for investors seeking stability and potential growth through dividend stocks. Amidst this backdrop, understanding the characteristics that define a strong dividend stock is crucial, especially in a market environment marked by political shifts and economic adjustments across Europe.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.59%

★★★★★☆

Loomis (OM:LOOMIS)

4.57%

★★★★★☆

Zinzino (OM:ZZ B)

4.16%

★★★★★☆

HEXPOL (OM:HPOL B)

3.38%

★★★★★☆

Axfood (OM:AXFO)

3.03%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.26%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.43%

★★★★★☆

Duni (OM:DUNI)

4.98%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.37%

★★★★★☆

Bilia (OM:BILI A)

4.60%

★★★★☆☆

Click here to see the full list of 23 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Loomis

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

Overview: Loomis AB specializes in offering comprehensive services for the distribution, handling, storage, recycling of cash and other valuables, with a market capitalization of approximately SEK 19.11 billion.

Operations: Loomis AB generates its revenue primarily through services in Europe and Latin America, totaling SEK 13.86 billion, and in the United States of America, with revenues amounting to SEK 15.17 billion, alongside a smaller segment from Loomis Pay at SEK 61 million.

Dividend Yield: 4.6%

Loomis AB, a notable player in the Swedish market, recently increased its dividend to SEK 12.50 per share, reflecting a commitment to shareholder returns despite its earnings dip in Q1 2024 with net income falling to SEK 359 million from SEK 403 million year-over-year. The company also launched a share repurchase program, buying back shares worth SEK 200 million. While Loomis's dividend yield of 4.57% stands above the market average and dividends are well-covered by both earnings and cash flow (payout ratio: 61.2%, cash payout ratio: 32.4%), the dividend track record over the past decade has been unstable and unreliable, indicating potential risks for long-term dividend sustainability.

OM:LOOMIS Dividend History as at Jul 2024

Nordea Bank Abp

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

Overview: Nordea Bank Abp is a financial services provider operating in Sweden, Finland, Norway, Denmark, and internationally, with a market capitalization of approximately SEK 443.01 billion.

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