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Top Swedish (OMX) Dividend Stocks
UPDATED Jun 28, 2022
What are the best Swedish (OMX) Dividend Stocks?
According to our Simply Wall St analysis these are the best Swedish 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.
15 companies meet this criteria in the Swedish market
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: AVEN's dividend (2.43%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Rewards
Trading at 59.6% below our estimate of its fair value
Earnings are forecast to grow 25.74% per year
Became profitable this year
Risks
Does not have a meaningful market cap (SEK613M)
Ogunsen AB (publ) provides recruitment and consultancy services for specialists and managers in information technology, finance, human resource, and supply chain sectors in Sweden.
Dividend Criteria
Earnings Coverage
Growing Dividend
High Dividend: OGUN B's dividend (8.74%) is in the top 25% of dividend payers in the Swedish market (5.3%)
Notable Dividend
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 61.3% below our estimate of its fair value
Earnings are forecast to grow 2.63% per year
Earnings grew by 210.4% over the past year
Risks
Does not have a meaningful market cap (SEK407M)
ASSA ABLOY AB (publ) provides door opening products, solutions, and services for the institutional, commercial, and residential markets in Europe, the Middle East, Africa, North and South America, Asia, and Oceania.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ASSA B's dividend (1.91%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Rewards
Trading at 46.5% below our estimate of its fair value
Earnings are forecast to grow 10.45% per year
Earnings have grown 13.6% per year over the past 5 years
Risks
No risks detected for ASSA B from our risks checks.
Atlas Copco AB, together with its subsidiaries, provides productivity solutions.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ATCO A's dividend (1.94%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Rewards
Trading at 26.8% below our estimate of its fair value
Earnings are forecast to grow 6.89% per year
Earnings have grown 5.8% per year over the past 5 years
Risks
No risks detected for ATCO A from our risks checks.
Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: NDA SE's dividend (8.03%) is in the top 25% of dividend payers in the Swedish market (5.3%)
Notable Dividend
Stable Dividend
Rewards
Trading at 55% below our estimate of its fair value
Earnings are forecast to grow 11.37% per year
Risks
No risks detected for NDA SE from our risks checks.
Avanza Bank Holding AB (publ) provides online stock trading services in Sweden.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: AZA's dividend (5.31%) is in the top 25% of dividend payers in the Swedish market (5.3%)
Notable Dividend
Stable Dividend
Rewards
Trading at 41.9% below our estimate of its fair value
Earnings are forecast to grow 9.11% per year
Earnings have grown 42.6% per year over the past 5 years
Risks
No risks detected for AZA from our risks checks.
Eurocon Consulting AB (publ) provides engineering services to forest, energy, mining, chemistry, workshop, IT, and life and pharmaceutical industries.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: EURO's dividend (5.71%) is in the top 25% of dividend payers in the Swedish market (5.3%)
Notable Dividend
Stable Dividend
Rewards
Trading at 71.9% below our estimate of its fair value
Earnings are forecast to grow 4.11% per year
Earnings grew by 143.8% over the past year
Risks
Does not have a meaningful market cap (SEK305M)
Loomis AB (publ) provides solutions for the distribution, handling, storage, and recycling of cash and other valuables in Sweden and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: LOOMIS's dividend (3.41%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 68.9% below our estimate of its fair value
Earnings are forecast to grow 20.38% per year
Earnings grew by 118.8% over the past year
Risks
No risks detected for LOOMIS from our risks checks.