Swedish Dividend Stocks To Watch In September 2024
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As European inflation nears the central bank’s target, the Swedish stock market has shown resilience, supported by a stable economic environment and positive investor sentiment. With this backdrop, September 2024 presents an opportune moment to consider dividend stocks in Sweden. When evaluating dividend stocks, it's crucial to focus on companies with strong financial health and consistent payout histories, especially in stable economic conditions like those currently seen in Sweden.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Bredband2 i Skandinavien (OM:BRE2) | 4.42% | ★★★★★★ |
| Betsson (OM:BETS B) | 5.67% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.58% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.75% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.43% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.10% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.99% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.37% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.75% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.70% | ★★★★☆☆ |
Click here to see the full list of 18 stocks from our Top Swedish Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Axfood
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Axfood AB (publ) operates in the food retail and wholesale sectors primarily in Sweden, with a market cap of approximately SEK59.22 billion.
Operations: Axfood AB (publ) generates revenue from several segments: Dagab (SEK75.09 billion), Willys (SEK44.82 billion), Snabbgross (SEK5.38 billion), Joint-Group (SEK1.45 billion), and Home Purchase (SEK7.67 billion).
Dividend Yield: 3.1%
Axfood's dividend payments are well-covered by earnings (76.8% payout ratio) and cash flows (39.3% cash payout ratio), ensuring sustainability. The company has a reliable 3.1% dividend yield, although lower than the top 25% of Swedish dividend payers. Recent executive changes include Simone Margulies as CEO, and the closure of Middagsfrid due to market challenges, aligning with their strategic focus on profitability amidst high inflation impacts on consumer behavior.
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Delve into the full analysis dividend report here for a deeper understanding of Axfood.
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Upon reviewing our latest valuation report, Axfood's share price might be too optimistic.
Bahnhof
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bahnhof AB (publ) operates in the Internet and telecommunications sector across Sweden and Europe, with a market cap of SEK 5.82 billion.
Operations: Bahnhof AB (publ) generates revenue from its Internet and telecommunications services across Sweden and Europe.
Dividend Yield: 3.7%
Bahnhof AB's dividend payments have been stable and growing over the past 10 years, though its current yield of 3.7% is below the top quartile of Swedish dividend payers. The company reported strong earnings growth, with net income rising to SEK 53.71 million in Q2 2024 from SEK 46.44 million a year ago. However, its high payout ratio (94.4%) indicates dividends are not well covered by earnings, raising concerns about sustainability despite adequate cash flow coverage (85.3%).