Betsson And 2 Other Swedish Dividend Stocks To Consider

In This Article:

As global markets face challenges from rising U.S. Treasury yields and cautious monetary policy expectations in Europe, investors are increasingly looking to stable dividend stocks for reliable income streams. In the context of Sweden's market, where economic fundamentals remain a focal point amid broader European trends, understanding what makes a good dividend stock—such as consistent payout history and strong financial health—can help investors navigate these uncertain times.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Bredband2 i Skandinavien (OM:BRE2)

4.64%

★★★★★★

Zinzino (OM:ZZ B)

3.21%

★★★★★☆

Softronic (OM:SOF B)

5.66%

★★★★★☆

Avanza Bank Holding (OM:AZA)

5.11%

★★★★★☆

HEXPOL (OM:HPOL B)

3.82%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.53%

★★★★★☆

Bilia (OM:BILI A)

5.23%

★★★★☆☆

Loomis (OM:LOOMIS)

3.89%

★★★★☆☆

Afry (OM:AFRY)

3.47%

★★★★☆☆

Bahnhof (OM:BAHN B)

3.66%

★★★★☆☆

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

Let's take a closer look at a couple of our picks from the screened companies.

Betsson

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

Overview: Betsson AB (publ) operates and manages an online gaming business across various regions including the Nordic countries, Latin America, and Europe, with a market cap of SEK38.52 billion.

Operations: Betsson AB's revenue primarily comes from its Casinos & Resorts segment, which generated €1.05 billion.

Dividend Yield: 5.3%

Betsson's recent financial performance shows increased sales but a slight decline in net income, impacting its dividend reliability. The company's dividend yield of 5.33% is attractive, ranking in the top 25% of Swedish stocks, yet it's not well covered by free cash flow due to a high cash payout ratio of 92.9%. Despite past volatility and unreliability in dividends, Betsson has managed to increase payouts over the last decade while maintaining a reasonable earnings payout ratio of 51.9%.

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

Bulten

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

Overview: Bulten AB (publ) manufactures and distributes fasteners and related services for various industries, including automotive and consumer electronics, across multiple countries such as Sweden, Germany, the United States, and China, with a market cap of SEK1.46 billion.

Operations: Bulten AB (publ) generates revenue of SEK5.98 billion from its fasteners and related services across various industries and international markets.