Swedish Dividend Stocks To Consider In October 2024
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As of October 2024, the Swedish market is navigating a complex global landscape marked by escalating geopolitical tensions in the Middle East and fluctuating oil prices, which have impacted investor sentiment across Europe. Despite these challenges, dividend stocks remain an attractive option for investors seeking steady income streams amidst market volatility. When considering dividend stocks in such uncertain times, it is important to focus on companies with strong fundamentals and a history of consistent payouts.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Bredband2 i Skandinavien (OM:BRE2) | 4.58% | ★★★★★★ |
| HEXPOL (OM:HPOL B) | 3.89% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.28% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.80% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.02% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.82% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.62% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.81% | ★★★★★☆ |
| Afry (OM:AFRY) | 3.10% | ★★★★☆☆ |
| Bahnhof (OM:BAHN B) | 3.72% | ★★★★☆☆ |
Click here to see the full list of 23 stocks from our Top Swedish Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Axfood
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Axfood AB (publ) operates in the food retail and wholesale sectors mainly in Sweden, with a market cap of SEK60.84 billion.
Operations: Axfood AB (publ) generates revenue from several segments, including Dagab with SEK75.09 billion, Willys with SEK44.82 billion, Snabbgross with SEK5.38 billion, Joint-Group with SEK1.45 billion, and Home Purchase contributing SEK7.67 billion.
Dividend Yield: 3%
Axfood's dividend profile is characterized by stability and reliable growth over the past decade, with dividends well-covered by both earnings (76.8% payout ratio) and cash flows (39.3% cash payout ratio). Despite a modest yield of 3.02%, which is below the Swedish market's top tier, Axfood maintains consistent payments amidst recent executive changes and strategic shifts like closing Middagsfrid. Earnings showed slight growth recently, supporting ongoing dividend sustainability.
Nordea Bank Abp
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nordea Bank Abp provides a range of banking products and services across Sweden, Finland, Norway, Denmark, and internationally with a market cap of approximately SEK36.53 billion.
Operations: Nordea Bank Abp generates its revenue from several 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).