Swedish Dividend Stocks To Consider In October 2024
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As global markets react to China's robust stimulus measures and European hopes for interest rate cuts, the Swedish market has also seen significant movements. With the Riksbank's recent interest rate cut to 3.25%, investors are closely watching how these changes will impact dividend stocks in Sweden. When considering dividend stocks, it's essential to look for companies with stable earnings and a strong track record of consistent payouts, especially in light of current economic conditions.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Bredband2 i Skandinavien (OM:BRE2) | 4.46% | ★★★★★★ |
| Betsson (OM:BETS B) | 5.86% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.88% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.79% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.37% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.73% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.56% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.53% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 3.80% | ★★★★☆☆ |
| SSAB (OM:SSAB A) | 9.48% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.
We'll examine a selection from our screener results.
Avanza Bank Holding
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Avanza Bank Holding AB (publ) provides a variety of savings, pension, and mortgage products in Sweden with a market cap of SEK39.88 billion.
Operations: Avanza Bank Holding AB (publ) generates revenue primarily from its commercial operations, amounting to SEK3.96 billion.
Dividend Yield: 4.5%
Avanza Bank Holding's dividend payments are covered by both earnings (87.3% payout ratio) and cash flows (55.8% cash payout ratio). Despite a volatile track record over the past decade, dividends have increased during this period. Recent operating results show an increase in customer numbers and net inflows, with net income for Q2 2024 at SEK 506 million. The recent departure of Deputy CEO Gunnar Olsson may impact management stability short-term but shouldn't affect dividend sustainability directly.
Loomis
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Loomis AB (publ) offers solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables with a market cap of SEK22.89 billion.
Operations: Loomis AB (publ) generates revenue primarily from its operations in Europe and Latin America (SEK14.32 billion), the United States of America (SEK15.45 billion), and Loomis Pay (SEK77 million).
Dividend Yield: 3.8%