Three Swedish Dividend Stocks Offering Up To 5.2% Yield
In This Article:
Amidst a backdrop of fluctuating global markets, Sweden's economy continues to present opportunities for investors seeking stable returns. This article explores three Swedish dividend stocks offering yields up to 5.2%, providing a potential haven in the current uncertain market environment where steady income is highly valued.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.98% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.85% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 4.27% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.11% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.01% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.62% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.71% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.16% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.16% | ★★★★★☆ |
| AB Traction (OM:TRAC B) | 4.02% | ★★★★☆☆ |
Click here to see the full list of 23 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Axfood
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Axfood AB operates primarily in Sweden, focusing on the food retail and wholesale sectors, with a market capitalization of approximately SEK 60.96 billion.
Operations: Axfood AB generates its revenue primarily through several segments: Dagab with SEK 74.94 billion, Willys with SEK 44.54 billion, Snabbgross at SEK 5.35 billion, and Home Purchase contributing SEK 7.57 billion.
Dividend Yield: 3%
Axfood reported a solid first quarter in 2024 with sales increasing to SEK 20.25 billion, up from SEK 19.25 billion the previous year, and net income rising to SEK 561 million from SEK 475 million. The company's dividend of SEK 8.50 per share is supported by earnings, with a payout ratio of 75.1%, and cash flows, evidenced by a cash payout ratio of only 34.8%. However, its dividend yield at 3.01% remains below the top quartile of Swedish dividend payers which offer around 4.15%. Recent executive changes include Simone Margulies becoming CEO in August, suggesting potential strategic continuity and leadership stability.
Eolus Vind
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Eolus Vind AB operates in the development, construction, and operation of renewable energy projects across Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states with a market capitalization of approximately SEK 1.87 billion.
Operations: Eolus Vind AB generates its revenue through the development, construction, and management of renewable energy projects in various regions including Sweden, Norway, Finland, the USA, Poland, Spain, and the Baltic states.