Exploring Betsson And Two Other Top Dividend Stocks In Sweden

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Amidst a backdrop of fluctuating global markets, Sweden's economic stability and growth prospects continue to attract attention from investors looking for sustainable dividend yields. In this article, we explore three top dividend stocks in Sweden that stand out in the current economic environment, highlighting what makes a good stock choice in relation to consistent performance and potential resilience against market volatility.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

6.25%

★★★★★☆

Zinzino (OM:ZZ B)

3.74%

★★★★★☆

Loomis (OM:LOOMIS)

4.27%

★★★★★☆

HEXPOL (OM:HPOL B)

3.10%

★★★★★☆

Duni (OM:DUNI)

4.51%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.19%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.67%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.23%

★★★★★☆

Bilia (OM:BILI A)

4.45%

★★★★☆☆

AB Traction (OM:TRAC B)

4.07%

★★★★☆☆

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

Let's review some notable picks from our screened stocks.

Betsson

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

Overview: Betsson AB operates primarily in online gaming across regions including the Nordic countries, Latin America, and Europe, with a market capitalization of SEK 16.47 billion.

Operations: Betsson AB generates its revenue predominantly from its Casinos & Resorts segment, amounting to €974.50 million.

Dividend Yield: 6.2%

Betsson AB has demonstrated a stable capacity to cover its dividend payments, evidenced by a cash payout ratio of 46.9% and an earnings payout ratio of 48.9%. Despite this, the company's dividend track record over the past decade has been marked by volatility and unreliability. Recently, Betsson announced an increase in dividends through two redemption procedures totaling EUR 0.645 per share for 2024, reflecting a commitment to returning value to shareholders amidst fluctuating performance metrics.

OM:BETS B Dividend History as at May 2024
OM:BETS B Dividend History as at May 2024

Inwido

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

Overview: Inwido AB (publ) specializes in the development, manufacture, and sale of windows and doors, with a market capitalization of approximately SEK 8.49 billion.

Operations: Inwido AB generates revenue through its e-commerce platform and regional sales, with SEK 1.04 billion from E-Commerce, SEK 4.21 billion in Scandinavia, SEK 1.92 billion in Eastern Europe, and SEK 1.54 billion in Western Europe.

Dividend Yield: 4.4%

Inwido AB, while offering a dividend yield higher than the Swedish market average at 4.44%, shows signs of instability with a history of volatile dividend payments over its 9-year dividend history. Recent AGM decisions confirm a SEK 6.50 per share payout, backed by earnings and cash flows with payout ratios at 63.9% and 62.8% respectively, suggesting sustainability despite recent drops in quarterly sales to SEK 1.81 billion and net income to SEK 21.3 million from significantly higher levels last year.