Top Swedish Dividend Stocks For July 2024

As global markets navigate through a landscape marked by trade tensions and shifting investment trends, Sweden's economy presents a unique set of opportunities for dividend-seeking investors. In this context, understanding the characteristics that define resilient and potentially rewarding dividend stocks becomes crucial, especially in a market environment where stability and consistent returns are prized.

Top 10 Dividend Stocks In Sweden

Name	Dividend Yield	Dividend Rating
Betsson (OM:BETS B)	6.11%	★★★★★☆
Loomis (OM:LOOMIS)	4.53%	★★★★★☆
Zinzino (OM:ZZ B)	3.85%	★★★★★☆
Nordea Bank Abp (OM:NDA SE)	8.61%	★★★★★☆
HEXPOL (OM:HPOL B)	3.33%	★★★★★☆
Duni (OM:DUNI)	4.94%	★★★★★☆
Axfood (OM:AXFO)	3.24%	★★★★★☆
Skandinaviska Enskilda Banken (OM:SEB A)	5.22%	★★★★★☆
Avanza Bank Holding (OM:AZA)	4.80%	★★★★★☆
Bahnhof (OM:BAHN B)	3.88%	★★★★☆☆

Click here to see the full list of 19 stocks from our Top Swedish Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Eolus Vind (OM:EOLU B)

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

Overview: Eolus Vind AB operates in the development, construction, and operation of renewable energy assets across Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states with a market capitalization of approximately SEK 1.73 billion.

Operations: Eolus Vind AB generates its revenue through the development, construction, and management of renewable energy projects across various regions including Sweden, Norway, Finland, the United States, Poland, Spain, and the Baltic states.

Dividend Yield: 3.2%

Eolus Vind, with its latest dividend at SEK 2.25 per share, displays a modest yield of 3.23% which is lower than the top quartile of Swedish dividend stocks. Despite a stable payout ratio of 10.1%, the company's dividends have shown volatility over the past decade, raising concerns about their reliability. Recent strategic expansions into offshore wind projects like Skidbladner indicate potential growth avenues but come amidst financial strain with a significant drop in quarterly revenue to SEK 49 million from SEK 304 million and a net loss widening to SEK 32 million.

• Take a closer look at Eolus Vind's potential here in our dividend report.
• Our valuation report here indicates Eolus Vind may be undervalued.

New Wave Group (OM:NEWA B)

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

Overview: New Wave Group AB operates in the design, acquisition, and development of brands and products within the corporate, sports, gifts, and home furnishings sectors across various global regions, with a market capitalization of SEK 14.89 billion.

Operations: New Wave Group AB generates revenue through three primary segments: Corporate (SEK 4.68 billion), Sports & Leisure (SEK 3.82 billion), and Gifts & Home Furnishings (SEK 874.40 million).

Dividend Yield: 3.1%

New Wave Group AB, despite a recent dividend increase to SEK 3.50 per share, has shown a history of unstable and volatile dividends over the past decade. The company's dividend yield stands at 3.12%, below the top quartile in Sweden at 4.15%. However, both earnings and cash flows substantiate its current dividends with payout ratios of 45.6% and 42.6% respectively, suggesting reasonable coverage despite past inconsistencies in payment stability.

• Click here to discover the nuances of New Wave Group with our detailed analytical dividend report.
• In light of our recent valuation report, it seems possible that New Wave Group is trading behind its estimated value.

Solid Försäkringsaktiebolag (OM:SFAB)

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

Overview: Solid Försäkringsaktiebolag operates primarily in the non-life insurance sector, serving private individuals across Sweden, Denmark, Norway, Finland, and other European countries, with a market capitalization of approximately SEK 1.63 billion.

Operations: Solid Försäkringsaktiebolag generates revenue through its diverse range of non-life insurance products, with SEK 320.51 million from Product sales, SEK 351.63 million from Assistance services, and SEK 435.09 million from Personal Safety services.

Dividend Yield: 5%

Solid Försäkringsaktiebolag, trading 48.6% below our fair value estimate, offers a dividend yield of 5.04%, placing it in the top 25% of Swedish dividend payers. The company's recent SEK 82.84 million dividend payment translates to SEK 4.50 per share. Dividends are supported by earnings with a payout ratio of 49.1% and cash flows at a cash payout ratio of 73.7%. Despite this, SFAB has an unstable dividend track record and it is too early to confirm the growth or reliability of its dividends since they only recently commenced payouts.

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

Next Steps

• Dive into all 19 of the Top Swedish Dividend Stocks we have identified here.
• 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.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Interested In Other Possibilities?

• 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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