Exploring Top Dividend Stocks In Sweden June 2024

In This Article:

As of June 2024, the Swedish market, like much of Europe, is navigating through a landscape marked by rising inflation and economic policy adjustments. These conditions underscore the importance of selecting dividend stocks that offer not only yield but also stability and potential growth in uncertain times.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

6.26%

★★★★★☆

Zinzino (OM:ZZ B)

3.93%

★★★★★☆

Loomis (OM:LOOMIS)

4.17%

★★★★★☆

HEXPOL (OM:HPOL B)

3.21%

★★★★★☆

Axfood (OM:AXFO)

3.15%

★★★★★☆

Duni (OM:DUNI)

4.60%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.20%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.68%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.22%

★★★★★☆

G5 Entertainment (OM:G5EN)

5.95%

★★★★☆☆

Click here to see the full list of 22 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Betsson

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

Overview: Betsson AB operates an online gaming business across the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally with a market capitalization of approximately SEK 15.97 billion.

Operations: Betsson AB generates its revenue primarily from its Casinos & Resorts segment, totaling €974.50 million.

Dividend Yield: 6.3%

Betsson AB has recently increased its dividend, with a redemption totaling EUR 0.645 per share in 2024. Despite this, the company's dividend history has been marked by volatility over the past decade. Betsson reported a solid first quarter in 2024 with sales rising to EUR 248.2 million and net income growing to EUR 41.3 million. The dividends are reasonably covered by earnings and cash flows, with payout ratios of 48.9% and 46.9% respectively, suggesting sustainability despite past inconsistencies in dividend reliability.

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

Inwido

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

Overview: Inwido AB (publ) specializes in the development, manufacturing, and sale of windows and doors, with a market capitalization of approximately SEK 8.35 billion.

Operations: Inwido AB generates its revenues primarily from Scandinavia at SEK 4.21 billion, followed by Eastern Europe with SEK 1.92 billion, Western Europe at SEK 1.54 billion, and E-Commerce contributing SEK 1.04 billion.

Dividend Yield: 4.5%

Inwido's recent AGM confirmed a dividend of SEK 6.50 per share, with payment starting May 23, 2024. Despite its top-tier yield at 4.51%, Inwido's dividend history is marked by volatility and unreliability over the past nine years. The company’s dividends are reasonably covered by both earnings and cash flows, with payout ratios of 63.9% and 62.8% respectively, suggesting potential sustainability issues given its unstable track record in maintaining consistent dividend growth.