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Top Norwegian (OSEAX) Dividend Stocks
UPDATED Oct 02, 2023
What are the best Norwegian (OSEAX) Dividend Stocks?
According to our Simply Wall St analysis these are the best Norwegian dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
9 companies meet this criteria in the Norwegian market
Atea ASA provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ATEA's dividend (4.78%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Rewards
Trading at 21.5% below our estimate of its fair value
Earnings are forecast to grow 14.81% per year
Earnings have grown 14.4% per year over the past 5 years
Risks
No risks detected for ATEA from our risks checks.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: NONG's dividend (8.55%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Rewards
Trading at 53.8% below our estimate of its fair value
Earnings are forecast to grow 20.65% per year
Earnings have grown 3.9% per year over the past 5 years
Risks
No risks detected for NONG from our risks checks.
Bouvet ASA provides IT and digital communication consultancy services for public and private sector companies in Norway, Sweden, and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: BOUV's dividend (4.52%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Future Dividend Coverage
Rewards
Trading at 5.6% below our estimate of its fair value
Earnings are forecast to grow 5.38% per year
Earnings grew by 9.4% over the past year
Risks
No risks detected for BOUV from our risks checks.
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: MORG's dividend (5.1%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Stable Dividend
Rewards
Trading at 26.3% below our estimate of its fair value
Earnings are forecast to grow 18.7% per year
Earnings grew by 30.9% over the past year
Risks
No risks detected for MORG from our risks checks.
SpareBank 1 Helgeland provides various financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: HELG's dividend (8.48%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Stable Dividend
Rewards
Trading at 16.7% below our estimate of its fair value
Earnings are forecast to grow 10.87% per year
Earnings grew by 103.1% over the past year
Risks
No risks detected for HELG from our risks checks.
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: OKEA's dividend (10.78%) is in the top 25% of dividend payers in the Norwegian market (8.75%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Trading at 18% below our estimate of its fair value
Earnings are forecast to grow 22.36% per year
Earnings have grown 52.3% per year over the past 5 years
Risks
No risks detected for OKEA from our risks checks.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: SOGN's dividend (6.62%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Stable Dividend
Rewards
Trading at 86.2% below our estimate of its fair value
Earnings are forecast to grow 26.69% per year
Earnings have grown 14.8% per year over the past 5 years
Risks
Does not have a meaningful market cap (NOK93M)
SpareBank 1 Sørøst-Norge provides various banking products and services for private and corporate customers in Norway.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: SOON's dividend (5.12%) is low compared to the top 25% of dividend payers in the Norwegian market (8.75%).
Stable Dividend
Rewards
Trading at 33.3% below our estimate of its fair value
Earnings are forecast to grow 14.93% per year
Earnings grew by 41.1% over the past year
Risks
No risks detected for SOON from our risks checks.