In This Article:
As global markets face volatility and economic uncertainties, the Swedish stock market has not been immune to these broader trends. Despite these challenges, dividend stocks in Sweden continue to offer attractive yields for investors seeking steady income streams. In this article, we will explore three Swedish dividend stocks yielding up to 6.4%, focusing on their potential for providing reliable returns amid current market conditions.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 6.14% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 9.09% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 4.09% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.60% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.24% | ★★★★★☆ |
| Duni (OM:DUNI) | 5.20% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.75% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 5.11% | ★★★★★☆ |
| Afry (OM:AFRY) | 3.15% | ★★★★☆☆ |
| Loomis (OM:LOOMIS) | 3.81% | ★★★★☆☆ |
Click here to see the full list of 25 stocks from our Top Swedish Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Axfood
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Axfood AB (publ) operates in the food retail and wholesale sectors primarily in Sweden with a market cap of SEK56.69 billion.
Operations: Axfood AB (publ) generates revenue from several segments, including Dagab (SEK75.09 billion), Willys (SEK44.82 billion), Snabbgross (SEK5.38 billion), Joint-Group (SEK1.45 billion), and Home Purchase (SEK7.67 billion).
Dividend Yield: 3.2%
Axfood's dividend payments have been stable and reliable over the past 10 years, with a current yield of 3.24%, which is lower than the top quartile in Sweden. The company's payout ratios indicate sustainability, as dividends are covered by both earnings (76.8%) and cash flows (39.3%). Recent earnings reports show steady revenue growth but a slight decline in net income for Q2 2024 compared to last year.
Softronic
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Softronic AB (publ) offers IT and management services primarily in Sweden, with a market cap of SEK1.09 billion.
Operations: Softronic AB (publ) generates revenue primarily from its Computer Services segment, which amounted to SEK838.92 million.
Dividend Yield: 6.5%
Softronic's dividend yield of 6.49% ranks in the top 25% of Swedish dividend payers but is not well-covered by free cash flows, with a high cash payout ratio of 94.5%. Despite earnings growth of 34% over the past year, its dividends have been volatile and unreliable over the last decade. Recent Q2 results showed modest sales growth to SEK 206.8 million and net income improvement to SEK 14.6 million compared to last year.