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Top Swedish (OMX) Dividend Stocks
UPDATED Jul 10, 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
Kindred Group plc operates an online gambling business primarily in Europe, Australia, and North America.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: KIND SDB's dividend (5.19%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 68.7% below our estimate of its fair value
Earnings are forecast to grow 19.06% per year
Risks
High level of non-cash earnings
Concentric AB (publ) designs, develops, manufactures, and distributes solutions for engine and hydraulic applications in the worldwide.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: COIC's dividend (1.98%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 51.9% below our estimate of its fair value
Earnings are forecast to grow 10.69% per year
Earnings grew by 82.5% over the past year
Risks
No risks detected for COIC from our risks checks.
Alfa Laval AB (publ) provides heat transfer, separation, and fluid handling products and solutions worldwide.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: ALFA's dividend (2.25%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 28.2% below our estimate of its fair value
Earnings are forecast to grow 11.22% per year
Earnings have grown 9.1% per year over the past 5 years
Risks
No risks detected for ALFA from our risks checks.
Getinge AB (publ) provides products and solutions for operating rooms, intensive-care units, and sterilization departments.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: GETI B's dividend (1.63%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 66.5% below our estimate of its fair value
Earnings are forecast to grow 14.26% per year
Risks
No risks detected for GETI B from our risks checks.
Zinzino AB (publ), a direct sales company, engages in the sale of nutrition supplements, coffee, coffee machines, and accessories; The company offers balance control, immunity control, weight control, and skin care products.
Dividend Criteria
Earnings Coverage
High Dividend: ZZ B's dividend (5.88%) is in the top 25% of dividend payers in the Swedish market (5.3%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 20.9% below our estimate of its fair value
Earnings are forecast to grow 16.87% per year
Earnings have grown 65.1% per year over the past 5 years
Risks
No risks detected for ZZ B from our risks checks.
Formpipe Software AB (publ), a software company, develops and provides content services in Sweden, Denmark, the United Kingdom, Germany, the United States, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: FPIP's dividend (2.42%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 35.1% below our estimate of its fair value
Earnings are forecast to grow 25.59% per year
Earnings grew by 37% over the past year
Risks
No risks detected for FPIP from our risks checks.
Proact IT Group AB (publ), together with its subsidiaries, provides data and information management services with focus on cloud services and data center solutions.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: PACT's dividend (1.96%) is low compared to the top 25% of dividend payers in the Swedish market (5.3%).
Stable Dividend
Rewards
Trading at 64.6% below our estimate of its fair value
Earnings are forecast to grow 11.37% per year
Earnings have grown 2% per year over the past 5 years
Risks
No risks detected for PACT from our risks checks.