Top Swedish Dividend Stocks To Consider In September 2024
In This Article:
As global markets grapple with economic uncertainties and European indices reflect renewed fears about growth, investors are increasingly turning their attention to stable income sources. In this context, Swedish dividend stocks stand out as potential safe havens, offering both steady returns and resilience amidst market volatility.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.76% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.86% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.68% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.66% | ★★★★★☆ |
| Bredband2 i Skandinavien (OM:BRE2) | 4.37% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.04% | ★★★★★☆ |
| Duni (OM:DUNI) | 5.09% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.46% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.87% | ★★★★★☆ |
| Afry (OM:AFRY) | 3.09% | ★★★★☆☆ |
Click here to see the full list of 22 stocks from our Top Swedish Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Knowit
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK 4.51 billion.
Operations: Knowit AB (publ) generates revenue from four main segments: Insight (SEK 898.95 million), Solutions (SEK 3.90 billion), Experience (SEK 1.44 billion), and Connectivity (SEK 1.02 billion).
Dividend Yield: 3.2%
Knowit's dividend payments are well covered by both earnings (77.3% payout ratio) and free cash flow (41.6% cash payout ratio), though the dividend yield of 3.15% is lower than the top 25% in Sweden. The company has a history of volatile dividends over the past decade, making reliability a concern. Recent earnings show a decline, with Q2 net income at SEK 3 million compared to SEK 19.5 million last year, impacting overall financial stability for dividends.
-
Navigate through the intricacies of Knowit with our comprehensive dividend report here.
-
Upon reviewing our latest valuation report, Knowit's share price might be too pessimistic.
Solid F?rs?kringsaktiebolag
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Solid F?rs?kringsaktiebolag (OM:SFAB) offers non-life insurance to private and business customers across Sweden, Denmark, Norway, Finland, Germany, Switzerland, and internationally with a market cap of SEK1.59 billion.
Operations: Solid F?rs?kringsaktiebolag's revenue segments include Product (SEK320.51 million), Assistance (SEK351.63 million), and Personal Safety (SEK435.09 million).
Dividend Yield: 5.2%
Solid F?rs?kringsaktiebolag's dividend payments are well covered by earnings (49.1% payout ratio) and cash flows (73.7% cash payout ratio). The company's recent buyback program, repurchasing 122,188 shares for SEK 10.19 million, aims to improve capital structure and shareholder value. Despite a strong dividend yield of 5.18%, it's too early to assess the reliability or growth of dividends as they have only recently been initiated.