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As the European economy shows signs of optimism with rate cuts from central banks, Sweden's Riksbank has followed suit by reducing borrowing costs, creating a favorable environment for dividend stocks. In this context, identifying strong dividend-paying stocks becomes crucial for investors looking to capitalize on stable returns amidst evolving market conditions.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.66% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.65% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.91% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.53% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.14% | ★★★★★☆ |
| Duni (OM:DUNI) | 4.99% | ★★★★★☆ |
| Bredband2 i Skandinavien (OM:BRE2) | 4.30% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.46% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.76% | ★★★★★☆ |
| Bahnhof (OM:BAHN B) | 3.88% | ★★★★☆☆ |
Click here to see the full list of 22 stocks from our Top Swedish Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Knowit
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK4.38 billion.
Operations: Knowit AB (publ) generates revenue through four primary segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).
Dividend Yield: 3.3%
Knowit AB's dividend payments have increased over the past decade but have been volatile, with annual drops exceeding 20%. Despite this instability, dividends are covered by earnings (77.3% payout ratio) and cash flows (41.6% cash payout ratio). Recent financial results show decreased revenue and net income for Q2 2024 compared to the previous year, potentially impacting future payouts. Trading at a significant discount to its estimated fair value, Knowit offers a lower-than-average dividend yield of 3.25%.
Loomis
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Loomis AB (publ) offers comprehensive solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables with a market cap of SEK24.02 billion.
Operations: Loomis AB (publ) generates revenue from Loomis Pay (SEK 77 million), Europe and Latin America (SEK 14.32 billion), and the United States of America (SEK 15.45 billion).
Dividend Yield: 3.6%
Loomis's dividend payments have been volatile over the past decade but are covered by earnings (59.4% payout ratio) and cash flows (26.3% cash payout ratio). Despite a lower-than-average yield of 3.63%, recent financials show growth, with Q2 2024 sales at SEK 7.64 billion and net income at SEK 396 million, up from last year. Ongoing share buybacks totaling SEK 199.75 million may also support shareholder value.