Swedish Dividend Stocks Spotlight Bravida Holding And Two More

As the European Central Bank's recent interest rate cut fuels expectations of further monetary easing, Swedish markets are drawing attention from investors seeking stability and income through dividend stocks. In this environment, a good stock is often characterized by its ability to maintain consistent dividend payouts, especially as economic conditions continue to evolve.

Top 10 Dividend Stocks In Sweden

Name	Dividend Yield	Dividend Rating
Bredband2 i Skandinavien (OM:BRE2)	4.61%	★★★★★★
Zinzino (OM:ZZ B)	3.26%	★★★★★☆
HEXPOL (OM:HPOL B)	3.88%	★★★★★☆
Axfood (OM:AXFO)	3.08%	★★★★★☆
Skandinaviska Enskilda Banken (OM:SEB A)	5.52%	★★★★★☆
Duni (OM:DUNI)	5.00%	★★★★★☆
Avanza Bank Holding (OM:AZA)	5.09%	★★★★★☆
Loomis (OM:LOOMIS)	3.97%	★★★★☆☆
Afry (OM:AFRY)	3.09%	★★★★☆☆
Bahnhof (OM:BAHN B)	3.72%	★★★★☆☆

Click here to see the full list of 23 stocks from our Top Swedish Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Bravida Holding (OM:BRAV)

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

Overview: Bravida Holding AB (publ) offers technical services and installations for buildings and industrial facilities across Sweden, Norway, Denmark, and Finland, with a market cap of SEK15.96 billion.

Operations: Bravida Holding AB (publ) generates revenue through its provision of technical services and installations for buildings and industrial facilities in Sweden, Norway, Denmark, and Finland.

Dividend Yield: 4.5%

Bravida Holding offers a compelling dividend profile with a yield in the top 25% of Swedish dividend payers. Despite only nine years of payouts, dividends have been stable and are well-covered by earnings (65% payout ratio) and cash flows (34.8% cash payout ratio). Trading at 63.3% below its estimated fair value, Bravida is considered a good relative value compared to peers, with analysts projecting significant stock price appreciation.

• Click here and access our complete dividend analysis report to understand the dynamics of Bravida Holding.
• According our valuation report, there's an indication that Bravida Holding's share price might be on the cheaper side.

New Wave Group (OM:NEWA B)

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

Overview: New Wave Group AB (publ) designs, acquires, and develops brands and products across the corporate, sports, gifts, and home furnishings sectors internationally with a market cap of SEK14.42 billion.

Operations: New Wave Group AB's revenue is primarily derived from its Corporate segment at SEK4.68 billion, followed by Sports & Leisure at SEK3.91 billion, and Gifts & Home Furnishings at SEK877.40 million.

Dividend Yield: 3.2%

New Wave Group's dividend yield is lower than the top 25% of Swedish dividend payers, but dividends are well-covered by earnings and cash flows with payout ratios of 47.9% and 37.8%, respectively. Despite an increase in dividend payments over the past decade, their reliability has been inconsistent due to volatility. Recent executive changes include Anna Gullmarstrand's appointment as CFO, which may influence future financial strategies amidst a backdrop of declining earnings for the first half of 2024 compared to last year.

• Navigate through the intricacies of New Wave Group with our comprehensive dividend report here.
• Our expertly prepared valuation report New Wave Group implies its share price may be lower than expected.

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 SEK3.18 billion.

Operations: Zinzino AB (publ) generates its revenue primarily from its Zinzino (Incl. VMA Life) segment, which accounts for SEK1.83 billion, alongside a smaller contribution of SEK170.31 million from the Faun segment.

Dividend Yield: 3.3%

Zinzino's dividend yield of 3.26% is below the top 25% in Sweden, yet dividends are reliably covered by earnings and cash flows with payout ratios of 56.3% and 47.7%, respectively. Over the past decade, Zinzino has consistently increased its dividends without volatility. Recent financial performance shows robust growth, with a notable revenue increase of 39% year-over-year in August and inclusion in the S&P Global BMI Index, reflecting positive market momentum.

• 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.

Seize The Opportunity

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Seeking Other Investments?

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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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