Top 3 Dividend Stocks On The Swedish Exchange In August 2024

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As global markets navigate a mix of economic signals and investor sentiment, the Swedish market has shown resilience with steady performance across various sectors. Amid these dynamics, dividend stocks have garnered attention for their potential to provide consistent income streams. In this context, identifying strong dividend stocks involves looking at companies with stable earnings, robust cash flows, and a commitment to returning value to shareholders. Here are three top dividend stocks on the Swedish Exchange in August 2024 that stand out for their reliability and potential returns.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.87%

★★★★★☆

Zinzino (OM:ZZ B)

3.84%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.49%

★★★★★☆

HEXPOL (OM:HPOL B)

3.34%

★★★★★☆

Axfood (OM:AXFO)

3.20%

★★★★★☆

Duni (OM:DUNI)

4.92%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.16%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.80%

★★★★★☆

Loomis (OM:LOOMIS)

3.67%

★★★★☆☆

Bahnhof (OM:BAHN B)

3.85%

★★★★☆☆

Click here to see the full list of 20 stocks from our Top Swedish Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Betsson

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

Overview: Betsson AB (publ) operates and manages online gaming businesses across the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally with a market cap of SEK17.62 billion.

Operations: Betsson AB (publ) generates its revenue primarily from its Casinos & Resorts segment, which amounts to €1.01 billion.

Dividend Yield: 5.9%

Betsson's dividend payments have increased over the past decade, though they have been volatile with occasional drops over 20%. Despite this, its current dividend yield of 5.87% is among the top 25% in Sweden. The company's dividends are covered by earnings (payout ratio: 50.3%) and cash flows (cash payout ratio: 50.8%). Recent earnings showed a slight decrease in net income for Q2 2024 to €45.5 million from €50.2 million last year, but sales grew to €271.5 million from €236.8 million, reflecting overall growth potential despite some volatility in profitability and dividends.

OM:BETS B Dividend History as at Aug 2024
OM:BETS B Dividend History as at Aug 2024

FM Mattsson

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

Overview: FM Mattsson AB (publ) develops, manufactures, and sells water taps and related products for bathrooms and kitchens across several European countries with a market cap of SEK2.17 billion.