Top Swedish Dividend Stocks For July 2024
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As the Swedish market navigates through a period of mixed economic signals and fluctuating indices, investors are increasingly seeking stable returns amidst the uncertainty. In this environment, dividend stocks offer an attractive option for those looking to generate consistent income while potentially benefiting from long-term capital appreciation.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.94% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.84% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.49% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.40% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.18% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.92% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.16% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.78% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.85% | ★★★★☆☆ |
| SSAB (OM:SSAB A) | 9.06% | ★★★★☆☆ |
Click here to see the full list of 20 stocks from our Top Swedish Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Avanza Bank Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Avanza Bank Holding AB (publ), with a market cap of SEK37.86 billion, provides savings, pension, and mortgage products in Sweden through its subsidiaries.
Operations: Avanza Bank Holding AB (publ) generates revenue primarily from its commercial operations, amounting to SEK3.96 billion.
Dividend Yield: 4.8%
Avanza Bank Holding AB has shown consistent earnings growth, with Q2 2024 net income at SEK 506 million and a six-month net income of SEK 1.06 billion. Despite a volatile dividend history, recent payouts are covered by both earnings (87.3% payout ratio) and cash flows (55.8% cash payout ratio). The dividend yield stands at 4.78%, placing it in the top quartile of Swedish dividend payers, though the track record remains unstable.
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 SEK2.20 billion.
Operations: FM Mattsson AB (publ) generates revenue from two primary segments: International, contributing SEK783.23 million, and Nordic Countries, contributing SEK1.12 billion.
Dividend Yield: 4.8%
FM Mattsson, recently renamed from FM Mattsson Mora Group AB, offers a dividend yield of 4.81%, positioning it in the top 25% of Swedish dividend payers. Despite a relatively short history of six years, dividends have been stable and covered by earnings (86.3% payout ratio) and free cash flows (49.5% cash payout ratio). However, Q1 2024 results showed a decline in net income to SEK 28.2 million from SEK 52.9 million year-on-year, raising concerns about future sustainability.