Top Dividend Stocks On SIX Swiss Exchange For October 2024

The Swiss market experienced a slight downturn recently, with the SMI index ending marginally down despite a late-day recovery. In such fluctuating conditions, dividend stocks can offer stability and potential income, making them an attractive option for investors seeking reliable returns amidst market volatility.

Top 10 Dividend Stocks In Switzerland

Name	Dividend Yield	Dividend Rating
Cembra Money Bank (SWX:CMBN)	5.09%	★★★★★★
Vaudoise Assurances Holding (SWX:VAHN)	4.72%	★★★★★★
St. Galler Kantonalbank (SWX:SGKN)	4.43%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.82%	★★★★★★
TX Group (SWX:TXGN)	4.29%	★★★★★☆
EFG International (SWX:EFGN)	4.65%	★★★★★☆
Julius Bär Gruppe (SWX:BAER)	4.79%	★★★★★☆
Luzerner Kantonalbank (SWX:LUKN)	3.80%	★★★★★☆
Basellandschaftliche Kantonalbank (SWX:BLKB)	4.74%	★★★★★☆
DKSH Holding (SWX:DKSH)	3.54%	★★★★★☆

Click here to see the full list of 26 stocks from our Top SIX Swiss Exchange Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Basellandschaftliche Kantonalbank (SWX:BLKB)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Basellandschaftliche Kantonalbank offers a range of banking products and services to private and corporate customers in Switzerland, with a market cap of CHF1.82 billion.

Operations: The company generates revenue of CHF466.77 million from its banking segment, serving both private and corporate clients in Switzerland.

Dividend Yield: 4.7%

Basellandschaftliche Kantonalbank offers an attractive dividend yield of 4.74%, placing it in the top 25% among Swiss dividend payers. The bank's dividends have been stable and growing over the past decade, supported by a reasonable payout ratio of 56.7%. Despite a low allowance for bad loans at 51%, BLKB trades at a significant discount to its estimated fair value, though sustainability of future dividends remains uncertain due to insufficient data on coverage by earnings or cash flows.

• Unlock comprehensive insights into our analysis of Basellandschaftliche Kantonalbank stock in this dividend report.
• Upon reviewing our latest valuation report, Basellandschaftliche Kantonalbank's share price might be too optimistic.

CPH Group (SWX:CPHN)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: CPH Group AG, along with its subsidiaries, manufactures and sells chemicals and packaging films across Switzerland, Europe, the Americas, Asia, and globally with a market cap of CHF418.46 million.

Operations: CPH Group AG generates revenue through its Chemistry segment with CHF128.62 million, Packaging segment with CHF219.70 million, and Spun-off divisions (Paper) with CHF245.37 million.

Dividend Yield: 5.7%

CPH Group's dividend yield of 5.73% ranks it among the top Swiss dividend payers, yet its reliability is questionable due to volatility and a high payout ratio of 249.1%, which indicates dividends are not well covered by earnings. While cash flows provide better coverage with a low cash payout ratio of 47%, the sustainability remains uncertain amid fluctuating profit margins and large one-off financial impacts, despite analysts predicting significant stock price growth.

• Delve into the full analysis dividend report here for a deeper understanding of CPH Group.
• Our valuation report here indicates CPH Group may be overvalued.

Luzerner Kantonalbank (SWX:LUKN)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Luzerner Kantonalbank AG offers a range of banking products and services in Switzerland with a market cap of CHF3.24 billion.

Operations: Luzerner Kantonalbank AG's revenue segments include various banking products and services within Switzerland.

Dividend Yield: 3.8%

Luzerner Kantonalbank offers a stable dividend yield of 3.8%, supported by a low payout ratio of 46.5%, ensuring dividends are well covered by earnings. Over the past decade, its dividends have been reliable and steadily increasing, with forecasts suggesting continued coverage in three years at a 42% payout ratio. Despite trading below estimated fair value, recent earnings growth of 15.8% enhances its appeal for dividend stability amidst strong financial performance.

• Take a closer look at Luzerner Kantonalbank's potential here in our dividend report.
• Our expertly prepared valuation report Luzerner Kantonalbank implies its share price may be lower than expected.

Key Takeaways

• Unlock our comprehensive list of 26 Top SIX Swiss Exchange Dividend Stocks by clicking here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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