Top Swedish Dividend Stocks For July 2024
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As global markets navigate through varying economic signals, Sweden's market remains a focal point for investors looking for stability and yield, particularly through dividend stocks. Given the current economic climate and investor sentiment, dividend-paying stocks could be appealing for those seeking regular income streams alongside potential capital appreciation.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Zinzino (OM:ZZ B) | 4.33% | ★★★★★★ |
| Betsson (OM:BETS B) | 5.61% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 4.57% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.38% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.02% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.99% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.10% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.39% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.33% | ★★★★★☆ |
| AB Traction (OM:TRAC B) | 4.02% | ★★★★☆☆ |
Click here to see the full list of 25 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Axfood
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Axfood AB operates primarily in Sweden, focusing on food retail and wholesale, with a market capitalization of approximately SEK 60.66 billion.
Operations: Axfood AB's revenue is generated through several segments: Dagab contributes SEK 74.94 billion, Willys SEK 44.54 billion, Home Purchase SEK 7.57 billion, and Snabbgross SEK 5.35 billion.
Dividend Yield: 3%
Axfood, a prominent player in the Swedish retail sector, reported a significant year-over-year increase in sales and net income for Q1 2024, with earnings per share also rising. The company's dividends are well-supported by both earnings and cash flows, with a payout ratio of 75.1% and a cash payout ratio of 34.8%, respectively. Despite its reliable dividend history over the past decade, Axfood's dividend yield of 3.02% remains below the market's top quartile average of 4.31%. Recent leadership changes include Simone Margulies taking over as CEO in August 2024, potentially steering future strategic directions including the recent decision to acquire City Gross Sverige AB.
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Click here to discover the nuances of Axfood with our detailed analytical dividend report.
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The valuation report we've compiled suggests that Axfood's current price could be inflated.
Bilia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bilia AB (publ) is a full-service supplier for car ownership operating in Sweden, Norway, Luxembourg, and Belgium, with a market capitalization of SEK 13.48 billion.
Operations: Bilia AB generates revenue through various segments, with SEK 19.28 billion from car sales in Sweden, SEK 7.16 billion in Norway, and SEK 3.61 billion in Western Europe; additionally, service revenues amount to SEK 6.16 billion in Sweden, SEK 2.16 billion in Norway, and SEK 654 million in Western Europe.