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SSAB's dividend yield of 9.3% is among the highest in Sweden, with a payout ratio of 48.7% and a cash payout ratio of 49.5%, indicating dividends are well covered by earnings and cash flows. However, SSAB has only paid dividends for six years, during which payments have been volatile and unreliable. Recent Q2 results showed a decline in sales to SEK 28.28 billion from SEK 31.78 billion year-over-year, with net income falling to SEK 2.42 billion from SEK 3.92 billion.

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

• According our valuation report, there's an indication that SSAB's share price might be on the cheaper side.

Thule Group

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

Overview: Thule Group AB (publ) is a sports and outdoor company operating in Sweden and internationally, with a market cap of SEK33.16 billion.

Operations: Thule Group AB (publ) generates revenue primarily from its Outdoor & Bags segment, which amounted to SEK9.40 billion.

Dividend Yield: 3%

Thule Group reported solid earnings for the second quarter of 2024, with sales of SEK 3.10 billion and net income of SEK 559 million, showing year-over-year growth. The company's dividend payments are covered by both earnings (87.8% payout ratio) and cash flows (56.1% cash payout ratio). However, Thule's dividend history is unstable with volatile payments over the past decade, and its current yield of 3.03% is lower than top-tier Swedish dividend stocks.

• Unlock comprehensive insights into our analysis of Thule Group stock in this dividend report.

• Our expertly prepared valuation report Thule Group implies its share price may be too high.

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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:SOF B OM:SSAB A and OM:THULE.

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