Swedish Dividend Stocks Including Avanza Bank Holding And 2 More

As global markets react to various economic stimuli, including China's recent measures and interest rate cuts in Sweden, investors are closely watching how these developments impact European indices. Amidst this backdrop, dividend stocks in Sweden present a compelling opportunity for those seeking steady income streams, with Avanza Bank Holding being one of the notable options. A good dividend stock often combines consistent payout history with strong financial health, making it a potential choice for investors looking to navigate current market conditions effectively.

Top 10 Dividend Stocks In Sweden

Name	Dividend Yield	Dividend Rating
Bredband2 i Skandinavien (OM:BRE2)	4.50%	★★★★★★
Nordea Bank Abp (OM:NDA SE)	8.78%	★★★★★☆
HEXPOL (OM:HPOL B)	3.85%	★★★★★☆
Zinzino (OM:ZZ B)	3.34%	★★★★★☆
Axfood (OM:AXFO)	3.00%	★★★★★☆
Skandinaviska Enskilda Banken (OM:SEB A)	5.62%	★★★★★☆
Duni (OM:DUNI)	4.72%	★★★★★☆
Avanza Bank Holding (OM:AZA)	4.50%	★★★★★☆
Loomis (OM:LOOMIS)	3.85%	★★★★☆☆
Bahnhof (OM:BAHN B)	3.69%	★★★★☆☆

Click here to see the full list of 22 stocks from our Top Swedish Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Avanza Bank Holding (OM:AZA)

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

Overview: Avanza Bank Holding AB (publ) operates in Sweden, providing savings, pension, and mortgage products through its subsidiaries, with a market cap of SEK40.17 billion.

Operations: Avanza Bank Holding AB (publ) generates revenue from its commercial operations, amounting to SEK3.96 billion.

Dividend Yield: 4.5%

Avanza Bank Holding's dividend yield of 4.5% places it among the top quartile of Swedish dividend payers, yet its dividend history has been volatile over the past decade. Despite this, dividends are well-covered by both earnings and cash flows with payout ratios at 87.3% and 55.8%, respectively. Recent operating results show strong customer growth and net inflow, indicating potential for future stability in payouts despite past inconsistency in dividends.

• Navigate through the intricacies of Avanza Bank Holding with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that Avanza Bank Holding is trading beyond its estimated value.

Solid Försäkringsaktiebolag (OM:SFAB)

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

Overview: Solid Försäkringsaktiebolag (publ) offers non-life insurance services to private and business customers across Sweden, Denmark, Norway, Finland, Germany, Switzerland, and internationally with a market cap of SEK1.51 billion.

Operations: Solid Försäkringsaktiebolag generates revenue from various segments, including Product (SEK320.51 million), Assistance (SEK351.63 million), and Personal Safety (SEK435.09 million).

Dividend Yield: 5.4%

Solid Försäkringsaktiebolag's dividend yield of 5.45% ranks it in the top 25% of Swedish dividend payers. The dividends are well-supported by earnings and cash flow, with payout ratios at 49.1% and 73.7%, respectively, though the company's short dividend history makes long-term reliability uncertain. Recent share buybacks aim to enhance shareholder value, while earnings growth remains robust, evidenced by a net income increase to SEK 40.95 million in Q2 2024 from SEK 39.21 million a year prior.

• Click here to discover the nuances of Solid Försäkringsaktiebolag with our detailed analytical dividend report.
• Our valuation report unveils the possibility Solid Försäkringsaktiebolag's shares may be trading at a discount.

Thule Group (OM:THULE)

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

Overview: Thule Group AB (publ) is a sports and outdoor company based in Sweden with international operations, and it has a market cap of SEK32.46 billion.

Operations: Thule Group AB (publ) generates revenue from its Outdoor & Bags segment, totaling SEK9.40 billion.

Dividend Yield: 3.1%

Thule Group's dividend payments are covered by both earnings and cash flows, with payout ratios of 87.8% and 56.1%, respectively. Despite a history of volatility, dividends have grown over the past decade. The recent Q2 results show a slight increase in sales to SEK 3.10 billion and net income to SEK 559 million, indicating stable financial performance. However, Thule's dividend yield of 3.09% is below the top tier in Sweden's market.

• Unlock comprehensive insights into our analysis of Thule Group stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Thule Group is priced higher than what may be justified by its financials.

Key Takeaways

• Reveal the 22 hidden gems among our Top Swedish Dividend Stocks screener with a single click here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

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.

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