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Dividend Yield: 3.9%

Loomis AB, despite a volatile dividend history, declared a SEK 12.50 per share dividend recently, reflecting a commitment to shareholder returns. The company's dividends are sustainably covered by earnings and cash flows with payout ratios of 59.4% and 26.3%, respectively. Recent financials show growth in sales and net income for the first half of 2024, supporting these payments. However, its dividend yield of 3.91% trails behind the top quartile of Swedish dividend stocks at 4.12%.

• Get an in-depth perspective on Loomis' performance by reading our dividend report here.

• Our valuation report unveils the possibility Loomis' shares may be trading at a discount.

SSAB

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

Overview: SSAB AB (publ) is a global steel producer with operations in Sweden, Finland, Europe, and the United States, boasting a market capitalization of approximately SEK 55.40 billion.

Operations: SSAB AB's revenue is generated through various segments, with SSAB Europe contributing SEK 43.44 billion, SSAB Americas SEK 26.81 billion, SSAB Special Steels SEK 30.49 billion, Tibnor SEK 12.50 billion, and Ruukki Construction SEK 5.41 billion.

Dividend Yield: 8.8%

SSAB's recent financial performance indicates a downturn, with sales and net income dropping in the first half of 2024 compared to the previous year. Despite this, SSAB maintains a low cash payout ratio of 49.5%, ensuring dividends are well-covered by cash flows. The company's dividend history is short and somewhat volatile, having only initiated payments six years ago. Additionally, earnings are expected to decline over the next three years. However, SSAB trades at a favorable price-to-earnings ratio of 5.4x compared to its Swedish peers and has committed to environmental sustainability through projects like its collaboration with Loimua for district heating and Nordec for fossil-free steel deliveries.

• Take a closer look at SSAB's potential here in our dividend report.

• The analysis detailed in our SSAB valuation report hints at an deflated share price compared to its estimated value.

Summing It All Up

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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include OM:FMM B OM:LOOMIS and OM:SSAB A.

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