Top Dividend Stocks On SIX Swiss Exchange For September 2024

The Switzerland stock market closed on a firm note recently, buoyed by global gains following the Federal Reserve's decision to cut interest rates by 50 points. Despite below-average economic growth and a slight decrease in the foreign trade surplus, the outlook for next year suggests potential strengthening driven by exports and investments. In this context, identifying strong dividend stocks can be particularly advantageous for investors seeking stable returns amid fluctuating market conditions. Here are three top dividend stocks on the SIX Swiss Exchange to consider for September 2024.

Top 10 Dividend Stocks In Switzerland

Name	Dividend Yield	Dividend Rating
Cembra Money Bank (SWX:CMBN)	5.07%	★★★★★★
Vaudoise Assurances Holding (SWX:VAHN)	4.66%	★★★★★★
St. Galler Kantonalbank (SWX:SGKN)	4.58%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.86%	★★★★★★
EFG International (SWX:EFGN)	4.77%	★★★★★☆
TX Group (SWX:TXGN)	4.48%	★★★★★☆
Julius Bär Gruppe (SWX:BAER)	5.19%	★★★★★☆
Luzerner Kantonalbank (SWX:LUKN)	4.01%	★★★★★☆
Basellandschaftliche Kantonalbank (SWX:BLKB)	4.71%	★★★★★☆
DKSH Holding (SWX:DKSH)	3.49%	★★★★★☆

Click here to see the full list of 25 stocks from our Top SIX Swiss Exchange Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

CPH Group (SWX:CPHN)

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

Overview: CPH Group AG, with a market cap of CHF376.50 million, manufactures and sells chemicals and packaging films in Switzerland, Europe, the Americas, Asia, and internationally.

Operations: CPH Group AG generates revenue from three main segments: Chemistry (CHF128.62 million), Packaging (CHF219.70 million), and Spun-off divisions, specifically Paper (CHF245.37 million).

Dividend Yield: 6.4%

CPH Group's dividend yield of 6.37% is among the top 25% in the Swiss market but is not well covered by earnings, with a high payout ratio of 249.1%. Despite increased dividend payments over the past decade, they have been volatile and unreliable. Recent earnings reports show a net loss of CHF 8.66 million for H1 2024, indicating financial challenges that may impact future dividends despite reasonable cash flow coverage (47%).

• Take a closer look at CPH Group's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that CPH Group is priced higher than what may be justified by its financials.

Holcim (SWX:HOLN)

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

Overview: Holcim AG, with a market cap of CHF47.55 billion, operates globally as a building materials and solutions company through its subsidiaries.

Operations: Holcim AG generates revenue from various segments, including Cement (CHF13.39 billion), Aggregates (CHF4.31 billion), Ready-Mix Concrete (CHF5.84 billion), and Solutions & Products (CHF5.91 billion).

Dividend Yield: 3.3%

Holcim AG's dividend, yielding 3.31%, is well-covered by earnings with a payout ratio of 52.3% and by cash flows at 39.7%. Despite recent financials showing a slight decline in sales (CHF 12.81 billion) and net income (CHF 1.22 billion) for H1 2024, the company has maintained stable and growing dividends over the past decade. The recent share buyback program worth CHF 413.3 million also reflects strong shareholder returns initiatives.

• Delve into the full analysis dividend report here for a deeper understanding of Holcim.
• Our valuation report unveils the possibility Holcim's shares may be trading at a discount.

Orell Füssli (SWX:OFN)

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

Overview: Orell Füssli AG, with a market cap of CHF149.74 million, operates in the security solutions and book retailing sectors both within Switzerland and internationally.

Operations: Orell Füssli AG generates revenue from three primary segments: Book Trade (CHF118.52 million), Security Printing (CHF75.94 million), and Industrial Systems (CHF21.24 million).

Dividend Yield: 5.1%

Orell Füssli's dividend yield of 5.1% is among the top 25% in the Swiss market, but its track record over eight years has been volatile. The company's recent earnings report for H1 2024 shows a decline in net income to CHF 1.59 million from CHF 4.83 million a year ago, with stable revenue at CHF 111.38 million. Despite this, dividends are well-covered by both earnings (payout ratio: 86.9%) and cash flows (cash payout ratio: 33%).

• Click to explore a detailed breakdown of our findings in Orell Füssli's dividend report.
• According our valuation report, there's an indication that Orell Füssli's share price might be on the cheaper side.

Next Steps

• Click here to access our complete index of 25 Top SIX Swiss Exchange Dividend Stocks.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Want To Explore Some Alternatives?

• 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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