Yahoo Finance Exploring Top Dividend Stocks In Sweden For June 2024
As global markets navigate through fluctuating inflation rates and policy adjustments, Sweden's market remains a focal point for investors seeking stable dividend yields. Amidst these dynamic economic conditions, understanding the characteristics that define resilient dividend stocks becomes crucial for building a robust investment portfolio in June 2024.
Top 10 Dividend Stocks In Sweden
Name | Dividend Yield | Dividend Rating |
Betsson (OM:BETS B) | 6.27% | ★★★★★☆ |
Zinzino (OM:ZZ B) | 3.93% | ★★★★★☆ |
HEXPOL (OM:HPOL B) | 3.21% | ★★★★★☆ |
Axfood (OM:AXFO) | 3.15% | ★★★★★☆ |
Duni (OM:DUNI) | 4.60% | ★★★★★☆ |
Nordea Bank Abp (OM:NDA SE) | 8.20% | ★★★★★☆ |
Skandinaviska Enskilda Banken (OM:SEB A) | 5.68% | ★★★★★☆ |
Avanza Bank Holding (OM:AZA) | 4.22% | ★★★★★☆ |
Loomis (OM:LOOMIS) | 4.17% | ★★★★☆☆ |
AB Traction (OM:TRAC B) | 4.00% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
HEXPOL
Simply Wall St Dividend Rating: ★★★★★☆
Overview: HEXPOL AB (publ) specializes in the development, manufacture, and sale of polymer compounds and engineered products across Sweden, Europe, the Americas, and Asia with a market capitalization of SEK 42.92 billion.
Operations: HEXPOL AB generates revenue primarily through two segments: HEXPOL Compounding, which brought in SEK 20.48 billion, and HEXPOL Engineered Products, contributing SEK 1.59 billion.
Dividend Yield: 3.2%
HEXPOL AB has maintained a consistent dividend policy, recently declaring a SEK 6.00 per share for FY 2023. Despite a slight dip in Q1 2024 earnings with sales at SEK 5.31 billion and net income at SEK 654 million, the company's dividends are sustainably covered by both earnings and cash flow, with payout ratios around 54.9% and 54.6% respectively. While its dividend yield of 3.21% trails the top quartile of Swedish dividend stocks, HEXPOL’s commitment to growth through acquisitions could bolster future prospects.
Nordea Bank Abp
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nordea Bank Abp is a financial services provider operating in Sweden, Finland, Norway, Denmark, and internationally, with a market capitalization of approximately SEK 444.06 billion.
Operations: Nordea Bank Abp generates revenue through various segments, with Personal Banking contributing €4.75 billion, Business Banking adding €3.55 billion, Large Corporates & Institutions at €2.46 billion, and Asset and Wealth Management providing €1.44 billion.
Dividend Yield: 8.2%
Nordea Bank Abp offers a high dividend yield of 8.2%, placing it among the top 25% of Swedish dividend payers. Despite a volatile dividend history over the past decade, recent earnings coverage suggests stability with a current payout ratio of 63.8%. However, earnings are projected to decrease by an average of 2.5% annually over the next three years, potentially challenging future dividend sustainability. The bank's stock is trading at 51.5% below estimated fair value, indicating potential undervaluation.
AB SKF
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: AB SKF (publ) is a global company that designs, manufactures, and sells bearings and units, seals, lubrication systems, and offers related services with a market capitalization of approximately SEK 102.79 billion.
Operations: AB SKF generates SEK 29.79 billion from its Automotive segment and SEK 72.25 billion from its Industrial segment in revenue.
Dividend Yield: 3.3%
AB SKF's dividend yield at 3.32% is lower than the top quartile of Swedish dividend stocks. Despite a volatile history, dividends are currently well-supported by both earnings and cash flows, with payout ratios of 55% and 45.2%, respectively. Recent performance shows a dip in Q1 sales and net income year-over-year, but the company maintains positive growth forecasts and has increased its annual dividend to SEK 7.50 per share as of March 2024.
Key Takeaways
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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:HPOL B OM:NDA SE and OM:SKF B.
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