Top Swedish Dividend Stocks To Watch In September 2024

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As European markets continue to rally, buoyed by slower inflation and potential interest rate cuts from the European Central Bank, investors are increasingly looking towards stable dividend stocks for reliable income. In this context, Swedish dividend stocks present an attractive option due to their consistent payouts and strong market positions.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Bredband2 i Skandinavien (OM:BRE2)

4.44%

★★★★★★

Betsson (OM:BETS B)

5.71%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.67%

★★★★★☆

Zinzino (OM:ZZ B)

3.89%

★★★★★☆

HEXPOL (OM:HPOL B)

3.56%

★★★★★☆

Axfood (OM:AXFO)

3.08%

★★★★★☆

Duni (OM:DUNI)

4.93%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.47%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.92%

★★★★★☆

Loomis (OM:LOOMIS)

3.61%

★★★★☆☆

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

Here's a peek at a few of the choices from the screener.

Afry

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

Overview: Afry AB offers engineering, design, and advisory services across infrastructure, industry, energy, and digitalization sectors in North and South America, Finland, and Central Europe with a market cap of SEK20.67 billion.

Operations: Afry AB's revenue segments include Energy (SEK3.69 billion), Infrastructure (SEK10.43 billion), Process Industries (SEK5.47 billion), Management Consulting (SEK1.69 billion), and Industrial & Digital Solutions (SEK6.83 billion).

Dividend Yield: 3%

Afry's dividend payments are well-covered by both earnings (52.1% payout ratio) and cash flows (38.8% cash payout ratio), indicating sustainability. However, its 3.01% yield is below the top 25% of Swedish dividend payers and has been volatile over the past decade. Recent Q2 2024 earnings showed strong growth, with net income rising to SEK 377 million from SEK 201 million a year ago, suggesting potential for future stability in dividends despite past inconsistencies.

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

Bravida Holding

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

Overview: Bravida Holding AB (publ) offers technical services and installations for buildings and industrial facilities across Sweden, Norway, Denmark, and Finland, with a market cap of SEK16.44 billion.

Operations: Bravida Holding AB (publ) generates revenue from providing technical services and installations for buildings and industrial facilities in Sweden, Norway, Denmark, and Finland.