Three Swedish Dividend Stocks Offering Yields Up To 5.6%
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As global markets navigate through a period of mixed economic signals and varying regional performances, Sweden's market offers a unique landscape for investors seeking stability through dividend stocks. Amidst this backdrop, understanding the fundamentals of solid dividend-paying stocks becomes crucial, particularly in an environment where conservative investment strategies could be beneficial.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Zinzino (OM:ZZ B) | 4.30% | ★★★★★★ |
| Betsson (OM:BETS B) | 5.59% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 4.65% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.56% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.43% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.55% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.99% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.41% | ★★★★★☆ |
| Bilia (OM:BILI A) | 4.60% | ★★★★☆☆ |
| Husqvarna (OM:HUSQ B) | 3.49% | ★★★★☆☆ |
Click here to see the full list of 22 stocks from our Top Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
BioGaia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: BioGaia AB, a healthcare company based in Sweden, specializes in probiotic products with a market capitalization of approximately SEK 12.43 billion.
Operations: BioGaia AB generates its revenue primarily through two segments: Pediatrics at SEK 999.84 million and Adult Health at SEK 293.44 million.
Dividend Yield: 5.6%
BioGaia's dividend yield of 5.61% ranks in the top 25% in Sweden, but its sustainability is questionable with a cash payout ratio of 215.5%, indicating dividends are not well covered by cash flows. Although dividends have increased over the past decade, payments have been volatile and unreliable. Recent expansion into Australia and New Zealand could bolster market presence but has yet to impact financial stability or dividend coverage directly, as evidenced by recent earnings showing modest growth.
HEXPOL
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HEXPOL AB (publ) specializes in the development, manufacturing, and sale of polymer compounds and engineered products across Sweden, Europe, the Americas, and Asia, with a market capitalization of approximately SEK 40.16 billion.
Operations: HEXPOL AB generates SEK 20.48 billion from its Compounding segment and SEK 1.59 billion from its Engineered Products division.
Dividend Yield: 3.4%
HEXPOL AB, under new leadership with CEO Klas Dahlberg since July 2024, maintains a stable dividend history with a recent increase to SEK 6.00 per share as of April 2024. Despite its lower yield of 3.43% compared to Sweden's top dividend payers, the company's dividends are well-supported by both earnings and cash flows, each covering approximately 54%. The firm is actively pursuing acquisitions to potentially enhance future growth and shareholder returns.