Top Norwegian (OSEAX) Dividend Stocks

Top Norwegian (OSEAX) Dividend Stocks

UPDATED Aug 14, 2022

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.

13 companies meet this criteria in the Norwegian market

SpareBank 1 Østfold Akershus, a savings bank, provides various banking products and services in Østfold and the southern part of Akershus.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: SOAG's dividend (5.03%) is low compared to the top 25% of dividend payers in the Norwegian market (6.77%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 52.5% below our estimate of its fair value

  • Earnings are forecast to grow 6.78% per year

  • Earnings have grown 6.3% per year over the past 5 years

Risks

No risks detected for SOAG from our risks checks.

View all Risks and Rewards

Sogn Sparebank provides various banking products and services in Norway.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: SOGN's dividend (3.46%) is low compared to the top 25% of dividend payers in the Norwegian market (6.77%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 79.6% below our estimate of its fair value

  • Earnings are forecast to grow 28.38% per year

  • Earnings grew by 22.6% over the past year

Risks

  • High level of non-cash earnings

  • Does not have a meaningful market cap (NOK96M)

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Lea bank ASA provides various banking products and services in Norway, Finland, Sweden, Germany, Spain, Austria, and France.

Dividend Criteria

  • Earnings Coverage

  • Future Dividend Coverage

  • High Dividend: LEA's dividend (7.08%) is in the top 25% of dividend payers in the Norwegian market (6.77%)

  • Notable Dividend

  • Growing Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 74.8% below our estimate of its fair value

  • Earnings are forecast to grow 5% per year

Risks

  • Does not have a meaningful market cap (NOK899M)

  • Profit margins (38.1%) are lower than last year

View all Risks and Rewards

Tysnes Sparebank, a savings bank, provides banking products and services for private and business customers in Tysness and surrounding areas.

Dividend Criteria

  • Earnings Coverage

  • Future Dividend Coverage

  • High Dividend: TYSB's dividend (8.13%) is in the top 25% of dividend payers in the Norwegian market (6.77%)

  • Notable Dividend

  • Growing Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 52% below our estimate of its fair value

  • Earnings are forecast to grow 9.97% per year

  • Earnings have grown 11.9% per year over the past 5 years

Risks

  • Does not have a meaningful market cap (NOK168M)

View all Risks and Rewards

Sparebanken Vest, a financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: SVEG's dividend (4.77%) is low compared to the top 25% of dividend payers in the Norwegian market (6.77%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 16.8% below our estimate of its fair value

  • Earnings are forecast to grow 9.69% per year

  • Earnings grew by 99.4% over the past year

Risks

No risks detected for SVEG from our risks checks.

View all Risks and Rewards
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