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Loomis And 2 More Swedish Dividend Stocks To Boost Your Portfolio

In This Article:

As global markets react to recent interest rate cuts by the European Central Bank, the Swedish market remains a focal point for investors seeking stability and growth. With this backdrop, dividend stocks in Sweden present an attractive option for those looking to boost their portfolios through consistent income streams. In this article, we will explore three compelling Swedish dividend stocks: Loomis and two others that stand out in today's economic climate.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.72%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.85%

★★★★★☆

Zinzino (OM:ZZ B)

3.65%

★★★★★☆

HEXPOL (OM:HPOL B)

3.60%

★★★★★☆

Bredband2 i Skandinavien (OM:BRE2)

4.31%

★★★★★☆

Axfood (OM:AXFO)

3.04%

★★★★★☆

Duni (OM:DUNI)

5.11%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.42%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.97%

★★★★★☆

Loomis (OM:LOOMIS)

3.72%

★★★★☆☆

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

Let's explore several standout options from the results in the screener.

Loomis

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

Overview: Loomis AB (publ) offers solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables with a market cap of SEK 23.39 billion.

Operations: Loomis AB (publ) generates revenue primarily from its operations in Europe and Latin America (SEK 14.32 billion), the United States of America (SEK 15.45 billion), and Loomis Pay (SEK 77 million).

Dividend Yield: 3.7%

Loomis has shown consistent revenue growth, with Q2 2024 sales at SEK 7.64 billion and net income at SEK 396 million. Despite a volatile dividend history, recent payments are well-covered by earnings and cash flows, with payout ratios of 59.4% and 26.3%, respectively. The company completed a €300 million fixed-income offering in September and has been actively repurchasing shares, indicating strong financial management despite its lower-than-top-tier dividend yield of 3.72%.

OM:LOOMIS Dividend History as at Sep 2024
OM:LOOMIS Dividend History as at Sep 2024

Solid Försäkringsaktiebolag

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

Overview: Solid Försäkringsaktiebolag (publ) offers non-life insurance to private and business customers across several European countries, with a market cap of SEK1.60 billion.

Operations: Solid Försäkringsaktiebolag (publ) generates revenue from three main segments: Product (SEK320.51 million), Assistance (SEK351.63 million), and Personal Safety (SEK435.09 million).