3 Swedish Dividend Stocks Yielding Up To 5.7%

As European inflation nears the central bank's target, the Swedish market has shown resilience with investors looking for stable returns amidst economic fluctuations. With this backdrop, dividend stocks have become an attractive option for those seeking regular income and potential growth. In this article, we will explore three Swedish dividend stocks yielding up to 5.7%, highlighting what makes them stand out in today's market conditions.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Bredband2 i Skandinavien (OM:BRE2)

4.44%

★★★★★★

Betsson (OM:BETS B)

5.70%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.68%

★★★★★☆

Zinzino (OM:ZZ B)

3.89%

★★★★★☆

HEXPOL (OM:HPOL B)

3.56%

★★★★★☆

Axfood (OM:AXFO)

3.08%

★★★★★☆

Duni (OM:DUNI)

4.93%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.47%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.91%

★★★★★☆

Bahnhof (OM:BAHN B)

3.72%

★★★★☆☆

Click here to see the full list of 20 stocks from our Top Swedish Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Bahnhof

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Bahnhof AB (publ) operates in the Internet and telecommunications sector across Sweden and Europe, with a market cap of SEK5.78 billion.

Operations: Bahnhof AB (publ) generates revenue through its Internet and telecommunications services in Sweden and Europe.

Dividend Yield: 3.7%

Bahnhof's dividend yield of 3.72% is lower than the top 25% of Swedish dividend payers, and its high payout ratio (94.4%) indicates dividends are not well covered by earnings. However, dividends have been stable and growing over the past decade, supported by a cash payout ratio of 85.3%. Recent earnings growth of 21% and solid revenue increases suggest potential for continued financial health despite current coverage concerns.

OM:BAHN B Dividend History as at Sep 2024
OM:BAHN B Dividend History as at Sep 2024

Betsson

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Betsson AB (publ) operates and manages online gaming businesses across various regions including the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally with a market cap of SEK17.82 billion.

Operations: Betsson AB (publ) generates its revenue primarily from its Casinos & Resorts segment, which amounted to €1.01 billion.

Dividend Yield: 5.7%

Betsson's dividend yield of 5.7% places it in the top 25% of Swedish dividend payers, with dividends covered by both earnings and cash flows, each at around 50%. Despite a volatile dividend history over the past decade, recent earnings growth (12.2%) and revenue increases suggest resilience. The company’s expansion into Peru with new licenses is a positive development, although net income slightly decreased year-on-year in recent reports.