As global markets face heightened volatility and economic uncertainties, the Swedish stock market has also experienced its share of fluctuations. Despite these challenges, dividend stocks remain a reliable option for investors seeking steady income streams. In this article, we will explore three Swedish dividend stocks that are yielding up to 5.4%, offering a blend of stability and attractive returns in today's turbulent market environment.
Top 10 Dividend Stocks In Sweden
| Name | Dividend Yield | Dividend Rating |
| Betsson (OM:BETS B) | 5.91% | ★★★★★☆ |
| Nordea Bank Abp (OM:NDA SE) | 8.83% | ★★★★★☆ |
| Zinzino (OM:ZZ B) | 3.77% | ★★★★★☆ |
| HEXPOL (OM:HPOL B) | 3.68% | ★★★★★☆ |
| Bredband2 i Skandinavien (OM:BRE2) | 4.36% | ★★★★★☆ |
| Axfood (OM:AXFO) | 3.06% | ★★★★★☆ |
| Duni (OM:DUNI) | 5.02% | ★★★★★☆ |
| Skandinaviska Enskilda Banken (OM:SEB A) | 5.48% | ★★★★★☆ |
| Avanza Bank Holding (OM:AZA) | 4.98% | ★★★★★☆ |
| Loomis (OM:LOOMIS) | 3.69% | ★★★★☆☆ |
Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Knowit (OM:KNOW)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Knowit AB (publ) is a consultancy company that develops digital solutions and has a market cap of SEK4.54 billion.
Operations: Knowit AB (publ) generates revenue through four main segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).
Dividend Yield: 3.1%
Knowit AB's recent earnings report showed a decline in revenue to SEK 1.68 billion for Q2 2024, down from SEK 1.76 billion the previous year, with net income dropping to SEK 3 million from SEK 19.5 million. Despite this, Knowit's dividend payments are covered by both earnings (77.3% payout ratio) and cash flows (41.6% cash payout ratio). However, its dividend history has been volatile and unreliable over the past decade, although payments have increased overall during that period.
- Get an in-depth perspective on Knowit's performance by reading our dividend report here.
- Our expertly prepared valuation report Knowit implies its share price may be lower than expected.
Skandinaviska Enskilda Banken (OM:SEB A)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Skandinaviska Enskilda Banken AB (publ) offers a range of corporate, retail, investment, and private banking services and has a market cap of SEK318.31 billion.
Operations: Skandinaviska Enskilda Banken AB (publ) generates revenue from several segments, including Life (SEK3.89 billion), Baltic (SEK13.82 billion), Asset Management (SEK3.22 billion), Large Corporates & Financial Institutions (SEK31.90 billion), Private Wealth Management & Family Office (SEK4.56 billion), and Corporate & Private Customers excluding Private Wealth Management & Family Office (SEK25.65 billion).
Dividend Yield: 5.5%
Skandinaviska Enskilda Banken's recent earnings report showed a slight decline in net interest income to SEK 11.61 billion for Q2 2024 from SEK 11.88 billion the previous year, with net income also dipping to SEK 9.42 billion from SEK 9.77 billion. Despite this, SEB A's dividend yield is among the top tier in Sweden at 5.48%. However, its dividend history has been volatile and unreliable over the past decade, although current payments are well covered by earnings (46.5% payout ratio).
- Dive into the specifics of Skandinaviska Enskilda Banken here with our thorough dividend report.
- Upon reviewing our latest valuation report, Skandinaviska Enskilda Banken's share price might be too optimistic.
Zinzino (OM:ZZ B)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Zinzino AB (publ) is a direct sales company that offers dietary supplements and skincare products in Sweden and internationally, with a market cap of SEK2.73 billion.
Operations: Zinzino AB (publ) generates revenue primarily from its Zinzino (including VMA Life) segment, which accounts for SEK1.83 billion, and Faun segment, contributing SEK170.31 million.
Dividend Yield: 3.8%
Zinzino AB's recent earnings report indicated a robust performance, with Q2 2024 sales rising to SEK 485.1 million from SEK 387.86 million a year ago and net income increasing to SEK 47.99 million from SEK 36.8 million. The company's dividend yield stands at an attractive 3.77%, supported by a sustainable payout ratio of 56.3%. Recent expansion into Serbia aims to bolster future revenue growth, enhancing its dividend reliability and stability over the past decade.
- Delve into the full analysis dividend report here for a deeper understanding of Zinzino.
- Our comprehensive valuation report raises the possibility that Zinzino is priced lower than what may be justified by its financials.
Turning Ideas Into Actions
- Investigate our full lineup of 21 Top Swedish Dividend Stocks right here.
- Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
- Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.
Ready To Venture Into Other Investment Styles?
- 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.
Valuation is complex, but we're here to simplify it.
Discover if Knowit might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About OM:KNOW
Knowit
A consultancy company, engages in the development of digital solutions.
Excellent balance sheet with reasonable growth potential.
