Swiss Re And 2 Other Top Dividend Stocks On SIX Swiss Exchange

The Switzerland market ended on a dismal note on Friday, with the SMI plunging 3.59% amid fears of a potential U.S. recession and weak manufacturing activity reports. Despite these challenges, dividend stocks like Swiss Re offer investors a measure of stability and income in turbulent times. In this article, we will explore Swiss Re and two other top dividend stocks listed on the SIX Swiss Exchange that stand out for their strong performance and reliable payouts amidst current market uncertainties.

Top 10 Dividend Stocks In Switzerland

Name	Dividend Yield	Dividend Rating
Cembra Money Bank (SWX:CMBN)	5.28%	★★★★★★
St. Galler Kantonalbank (SWX:SGKN)	4.39%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.70%	★★★★★★
EFG International (SWX:EFGN)	4.65%	★★★★★☆
Julius Bär Gruppe (SWX:BAER)	5.56%	★★★★★☆
Compagnie Financière Tradition (SWX:CFT)	4.24%	★★★★★☆
Helvetia Holding (SWX:HELN)	4.90%	★★★★★☆
Holcim (SWX:HOLN)	3.66%	★★★★★☆
DKSH Holding (SWX:DKSH)	3.35%	★★★★★☆
Basellandschaftliche Kantonalbank (SWX:BLKB)	4.68%	★★★★★☆

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

Let's dive into some prime choices out of the screener.

DKSH Holding (SWX:DKSH)

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

Overview: DKSH Holding AG offers market expansion services across Thailand, Greater China, Malaysia, Singapore, the rest of the Asia Pacific, and internationally with a market cap of CHF4.36 billion.

Operations: DKSH Holding AG's revenue segments are Healthcare (CHF5.55 billion), Consumer Goods (CHF3.43 billion), Performance Materials (CHF1.38 billion), and Technology (CHF526.50 million).

Dividend Yield: 3.4%

DKSH Holding's dividend payments are well covered by cash flows, with a cash payout ratio of 45.8%. The company has a stable and growing dividend history over the past decade, though its current yield of 3.35% is below the top quartile in Switzerland. Earnings are forecast to grow annually by 9.51%, supporting future dividends. Recent earnings showed a rise in net income to CHF 111.2 million for H1 2024, despite slightly lower sales compared to last year.

• Click here to discover the nuances of DKSH Holding with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, DKSH Holding's share price might be too pessimistic.

EFG International (SWX:EFGN)

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

Overview: EFG International AG, with a market cap of CHF 3.57 billion, offers private banking, wealth management, and asset management services through its subsidiaries.

Operations: EFG International AG's revenue segments include the Americas (CHF 128.80 million), Asia Pacific (CHF 176.70 million), United Kingdom (CHF 193.30 million), Corporate Center (CHF 60.50 million), Switzerland & Italy (CHF 449.70 million), Global Markets & Treasury (CHF 55.30 million), Investment and Wealth Solutions (CHF 122.90 million), and Continental Europe & Middle East (CHF 257.30 million).

Dividend Yield: 4.7%

EFG International reported a net income of CHF 162.8 million for H1 2024, up from CHF 147.6 million a year ago, with basic earnings per share increasing to CHF 0.51. The company completed a share buyback program worth CHF 68.4 million and announced another repurchase plan valid until July 2025. Despite having an unstable dividend history, EFGN's dividends are well-covered by earnings (55.2%) and offer a competitive yield in the Swiss market at the top quartile level (4.65%).

• Dive into the specifics of EFG International here with our thorough dividend report.
• Our comprehensive valuation report raises the possibility that EFG International is priced lower than what may be justified by its financials.

Swisscom (SWX:SCMN)

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

Overview: Swisscom AG is a telecommunications provider operating primarily in Switzerland and Italy with a market cap of CHF27.43 billion.

Operations: Swisscom AG generates revenue from several key segments, including Swisscom Switzerland - Residential Customers (CHF4.42 billion), Business Customers (CHF3.13 billion), Wholesale (CHF535 million), Fastweb (CHF2.61 billion), and Infrastructure & Support Functions (CHF73 million).

Dividend Yield: 4.2%

Swisscom reported Q2 2024 earnings with sales of CHF 2.75 billion and net income of CHF 381 million, down from CHF 406 million a year ago. Its dividends are covered by earnings (67.1%) and cash flows (69.5%), though the yield is slightly below the top quartile in Switzerland at 4.15%. Despite stable dividends over the past decade, they haven't grown, and Swisscom carries a high level of debt.

• Navigate through the intricacies of Swisscom with our comprehensive dividend report here.
• Our valuation report unveils the possibility Swisscom's shares may be trading at a discount.

Seize The Opportunity

• Access the full spectrum of 26 Top SIX Swiss Exchange Dividend Stocks by clicking on this link.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Looking For Alternative Opportunities?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com