Top 3 Swedish Dividend Stocks For September 2024

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As global markets face renewed fears of economic slowdown, the Swedish market remains a focal point for investors seeking stability and reliable returns. With major indices experiencing fluctuations, dividend stocks in Sweden offer an attractive option for those looking to balance their portfolios amidst uncertainty. In times of market volatility, a good dividend stock is characterized by consistent payouts and strong financial health. This article highlights three top Swedish dividend stocks that stand out for their resilience and potential to provide steady income in September 2024.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.85%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.69%

★★★★★☆

Zinzino (OM:ZZ B)

3.79%

★★★★★☆

HEXPOL (OM:HPOL B)

3.72%

★★★★★☆

Bredband2 i Skandinavien (OM:BRE2)

4.31%

★★★★★☆

Axfood (OM:AXFO)

3.05%

★★★★★☆

Duni (OM:DUNI)

5.08%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.41%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.96%

★★★★★☆

Afry (OM:AFRY)

3.04%

★★★★☆☆

Click here to see the full list of 22 stocks from our Top Swedish Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

BioGaia

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

Overview: BioGaia AB (publ) is a healthcare company that provides probiotic products worldwide and has a market cap of SEK11.71 billion.

Operations: BioGaia AB (publ) generates revenue primarily from its Pediatrics segment, which accounts for SEK1072.93 million, and its Adult Health segment, contributing SEK288.68 million.

Dividend Yield: 6%

BioGaia's dividend yield of 5.96% places it in the top 25% of Swedish dividend payers, but its high cash payout ratio (193.8%) raises sustainability concerns as dividends are not well covered by free cash flows. Despite a reasonably low payout ratio (47.8%) suggesting coverage by earnings, significant insider selling over the past three months and historically volatile dividends add to the uncertainty. Recent earnings showed growth with Q2 sales at SEK 384.12 million and net income at SEK 111.01 million, indicating potential stability moving forward.

OM:BIOG B Dividend History as at Sep 2024
OM:BIOG B Dividend History as at Sep 2024

Bulten

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

Overview: Bulten AB (publ) manufactures and distributes fasteners and related services for various industries, including automotive and consumer electronics, with a market cap of approximately SEK1.51 billion.

Operations: Bulten AB (publ) generates SEK5.95 billion in revenue from its fasteners and related services across various industries, including light vehicles, heavy commercial vehicles, automotive suppliers, consumer electronics, and more.