Exploring Sweden's Top Dividend Stocks For May 2024

In This Article:

As global markets display a mixed performance with varying trajectories across major indices, Sweden's market dynamics offer a unique landscape for dividend-seeking investors. Amidst fluctuating economic signals and interest rate speculations, understanding the fundamentals of robust dividend stocks becomes crucial for those looking to enhance their investment portfolios in May 2024.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

6.16%

★★★★★☆

Zinzino (OM:ZZ B)

4.17%

★★★★★☆

Loomis (OM:LOOMIS)

4.26%

★★★★★☆

HEXPOL (OM:HPOL B)

3.16%

★★★★★☆

Axfood (OM:AXFO)

3.03%

★★★★★☆

Duni (OM:DUNI)

4.58%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.19%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.75%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.15%

★★★★★☆

AB Traction (OM:TRAC B)

4.02%

★★★★☆☆

Click here to see the full list of 24 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Bravida Holding

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

Overview: Bravida Holding AB operates in Sweden, Norway, Denmark, and Finland, offering technical services and installations for buildings and industrial facilities with a market capitalization of SEK 16.77 billion.

Operations: Bravida Holding AB generates its revenue from providing technical services and installations across four key regions: Sweden, Norway, Denmark, and Finland.

Dividend Yield: 4.3%

Bravida Holding's dividend yield at 4.34% ranks in the top 25% of Swedish dividend payers, supported by a reasonable payout ratio of 61.7% and a cash payout ratio of 43.5%, indicating that dividends are well-covered by both earnings and cash flow. Despite a relatively short history of dividend payments—only eight years—the company has shown commitment to growing dividends, as evidenced by the recent increase announced at their AGM on May 7, 2024, where shareholders approved a dividend payment totaling SEK 714.29 million for FY2023. However, Bravida's recent challenges include overbilling issues leading to managerial changes and could impact investor confidence.

OM:BRAV Dividend History as at May 2024
OM:BRAV Dividend History as at May 2024

G5 Entertainment

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

Overview: G5 Entertainment AB, based in Sweden, specializes in developing and publishing free-to-play games for smartphones, tablets, and personal computers with a market capitalization of SEK 1.10 billion.

Operations: G5 Entertainment AB generates its revenue primarily through the development and sales of casual games, which totaled SEK 1.27 billion.