Top 3 Dividend Stocks On The Swedish Exchange In September 2024
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As global markets navigate a period of rate cuts by the European Central Bank and anticipated actions from the Federal Reserve, Sweden's stock market has shown resilience in the face of economic uncertainties. Against this backdrop, dividend stocks on the Swedish Exchange continue to attract investors seeking stable income streams. In evaluating dividend stocks, factors such as consistent payout history, strong financial health, and adaptability to current market conditions are crucial. Here are three top dividend stocks on the Swedish Exchange for September 2024 that exemplify these qualities.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.80% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.63% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.60% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.54% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.08% | ★★★★★☆ |
| Bredband2 i Skandinavien (OM:BRE2) | 4.36% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.81% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.40% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.63% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.72% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Betsson
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Betsson AB (publ) operates and manages online gaming businesses across the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally with a market cap of SEK 17.45 billion.
Operations: Betsson AB (publ) generates revenue primarily from its Casinos & Resorts segment, which amounted to €1.01 billion.
Dividend Yield: 5.8%
Betsson's dividends are covered by both earnings (Payout Ratio: 50.3%) and cash flows (Cash Payout Ratio: 50.8%), indicating sustainability. However, the dividend track record has been volatile over the past decade, despite recent growth in dividend payments. The company is trading at a significant discount to its estimated fair value, enhancing its appeal for value investors. Recent debt financing activities could impact future cash flow stability but currently do not affect dividend coverage directly.
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Get an in-depth perspective on Betsson's performance by reading our dividend report here.
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Our valuation report unveils the possibility Betsson's shares may be trading at a discount.
Duni
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Duni AB (publ) develops, manufactures, and sells concepts and products for meal serving, take-away, and packaging in Sweden and internationally with a market cap of SEK4.89 billion.
Operations: Duni AB (publ) generates revenue from two main segments: Dining solutions, which contributed SEK4.52 billion, and Food packaging solutions, which brought in SEK3.05 billion.