- Investing Ideas
- /
- Top Dividend Stocks
Top Norwegian (OSEAX) Dividend Stocks
UPDATED Jun 28, 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.
16 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 (5.32%) is low compared to the top 25% of dividend payers in the Norwegian market (7.05%).
Rewards
Trading at 71.3% below our estimate of its fair value
Earnings are forecast to grow 15.83% per year
Earnings have grown 7.4% per year over the past 5 years
Risks
No risks detected for ATEA from our risks checks.
Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ORK's dividend (3.85%) is low compared to the top 25% of dividend payers in the Norwegian market (7.05%).
Rewards
Trading at 45.5% below our estimate of its fair value
Earnings are forecast to grow 6.14% per year
Earnings have grown 9% per year over the past 5 years
Risks
No risks detected for ORK from our risks checks.
SpareBank 1 Nord-Norge provides banking services to personal and corporate customers in Northern Norway.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: NONG's dividend (7.6%) is in the top 25% of dividend payers in the Norwegian market (7.05%)
Notable Dividend
Stable Dividend
Rewards
Trading at 37.7% below our estimate of its fair value
Earnings are forecast to grow 12.71% per year
Earnings grew by 24.3% over the past year
Risks
No risks detected for NONG from our risks checks.
Bouvet ASA provides information technology, digital communication, and enterprise management services in Norway, Sweden, and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: BOUV's dividend (3.87%) is low compared to the top 25% of dividend payers in the Norwegian market (7.05%).
Future Dividend Coverage
Rewards
Trading at 28.5% below our estimate of its fair value
Earnings are forecast to grow 7.64% per year
Earnings grew by 18.5% over the past year
Risks
No risks detected for BOUV from our risks checks.
Dividend Criteria
Growing Dividend
Future Dividend Coverage
High Dividend: VEI's dividend (7.5%) is in the top 25% of dividend payers in the Norwegian market (7.05%)
Notable Dividend
Earnings Coverage
Stable Dividend
Rewards
Trading at 60.3% below our estimate of its fair value
Earnings are forecast to grow 13.13% per year
Risks
No risks detected for VEI from our risks checks.
StrongPoint ASA develops and sells technology solutions for e-commerce and store operations in Norway, Sweden, and internationally.
Dividend Criteria
Stable Dividend
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: STRO's dividend (4.49%) is low compared to the top 25% of dividend payers in the Norwegian market (7.05%).
Earnings Coverage
Rewards
Trading at 31.4% below our estimate of its fair value
Earnings are forecast to grow 49.82% per year
Risks
Does not have a meaningful market cap (NOK788M)
Profit margins (1.7%) are lower than last year (5.7%)
Austevoll Seafood ASA, a seafood company, engages in the salmon and trout, white fish, and pelagic businesses in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, Asia, North America, South America, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: AUSS's dividend (3.83%) is low compared to the top 25% of dividend payers in the Norwegian market (7.05%).
Stable Dividend
Rewards
Trading at 79.7% below our estimate of its fair value
Earnings are forecast to grow 9.8% per year
Earnings grew by 95% over the past year
Risks
No risks detected for AUSS from our risks checks.
Kid ASA, together with its subsidiaries, operates as a home textile retailer in Norway, Sweden, Finland, and Estonia.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: KID's dividend (10.25%) is in the top 25% of dividend payers in the Norwegian market (7.05%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Trading at 25% below our estimate of its fair value
Earnings are forecast to grow 6.35% per year
Earnings have grown 26.3% per year over the past 5 years
Risks
No risks detected for KID from our risks checks.