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Top Swedish Dividend Stocks To Consider In September 2024

In This Article:

As global markets face turbulence and economic uncertainties, the Swedish stock market has shown resilience, driven by strong fundamentals and a stable economic outlook. In this environment, dividend stocks offer a compelling investment opportunity for those seeking steady income streams and long-term growth potential. When considering dividend stocks, it's crucial to focus on companies with strong cash flows, sustainable payout ratios, and a history of consistent dividends.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Betsson (OM:BETS B)

5.84%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.90%

★★★★★☆

Zinzino (OM:ZZ B)

3.73%

★★★★★☆

HEXPOL (OM:HPOL B)

3.69%

★★★★★☆

Bredband2 i Skandinavien (OM:BRE2)

4.37%

★★★★★☆

Axfood (OM:AXFO)

3.05%

★★★★★☆

Duni (OM:DUNI)

5.08%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.51%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.93%

★★★★★☆

Bahnhof (OM:BAHN B)

3.67%

★★★★☆☆

Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.

We'll examine a selection from our screener results.

Knowit

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

Overview: Knowit AB (publ) is a consultancy company focused on developing digital solutions, with a market cap of SEK4.54 billion.

Operations: Knowit AB (publ) generates revenue from four primary segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).

Dividend Yield: 3.1%

Knowit has a mixed dividend profile, with payments increasing over the past decade but exhibiting volatility. The dividend is well covered by cash flows (41.6% payout ratio) and earnings (77.3% payout ratio). However, its yield of 3.13% is lower than the top quartile in Sweden. Recent earnings show a decline, with Q2 net income at SEK 3 million compared to SEK 19.5 million last year, impacting overall financial stability for future dividends.

OM:KNOW Dividend History as at Sep 2024
OM:KNOW 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 countries including Sweden, Denmark, Norway, Finland, Germany, Switzerland, and internationally with a market cap of SEK1.58 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).


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