Fagerhult Group And 2 Other Leading Dividend Stocks On Nasdaq Stockholm
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As European markets show signs of optimism with the STOXX Europe 600 Index rising amid hopes for quicker interest rate cuts, investors in Sweden are keenly observing how these broader economic trends might impact local dividend stocks. In this context, understanding what makes a strong dividend stock is crucial; typically, these are companies with stable earnings and a history of consistent payouts, which can offer a measure of reliability even amidst fluctuating market conditions.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Bredband2 i Skandinavien (OM:BRE2) | 4.69% | ★★★★★★ |
| HEXPOL (OM:HPOL B) | 3.87% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.15% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.02% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.60% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.84% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 5.00% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 3.96% | ★★★★☆☆ |
| Afry (OM:AFRY) | 3.04% | ★★★★☆☆ |
| Bahnhof (OM:BAHN B) | 3.86% | ★★★★☆☆ |
Click here to see the full list of 23 stocks from our Top Swedish Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Fagerhult Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Fagerhult Group AB, with a market cap of SEK10.58 billion, manufactures and sells professional lighting solutions globally through its subsidiaries.
Operations: Fagerhult Group AB generates revenue from its segments as follows: Premium (SEK2.93 billion), Collection (SEK3.93 billion), Infrastructure (SEK894 million), and Professional excluding Lighting Innovations (SEK1.08 billion).
Dividend Yield: 3%
Fagerhult Group's dividend payments have been volatile and unreliable over the past decade, despite some growth. The company's payout ratio of 61.8% indicates dividends are covered by earnings, while a cash payout ratio of 39.1% suggests strong coverage by cash flows. However, its dividend yield is lower than the top quartile in Sweden at 3%. Recent earnings reports show mixed results with slight declines in net income compared to last year.
Knowit
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that specializes in developing digital solutions, with a market cap of SEK4.18 billion.
Operations: Knowit AB's revenue is derived from four main segments: Solutions (SEK3.90 billion), Experience (SEK1.44 billion), Connectivity (SEK1.02 billion), and Insight (SEK898.95 million).