Top Swedish Dividend Stocks To Consider In September 2024

As global markets face turbulence and economic uncertainties, the Swedish stock market has shown resilience, driven by strong fundamentals and a stable economic outlook. In this environment, dividend stocks offer a compelling investment opportunity for those seeking steady income streams and long-term growth potential. When considering dividend stocks, it's crucial to focus on companies with strong cash flows, sustainable payout ratios, and a history of consistent dividends.

Top 10 Dividend Stocks In Sweden

Name	Dividend Yield	Dividend Rating
Betsson (OM:BETS B)	5.84%	★★★★★☆
Nordea Bank Abp (OM:NDA SE)	8.90%	★★★★★☆
Zinzino (OM:ZZ B)	3.73%	★★★★★☆
HEXPOL (OM:HPOL B)	3.69%	★★★★★☆
Bredband2 i Skandinavien (OM:BRE2)	4.37%	★★★★★☆
Axfood (OM:AXFO)	3.05%	★★★★★☆
Duni (OM:DUNI)	5.08%	★★★★★☆
Skandinaviska Enskilda Banken (OM:SEB A)	5.51%	★★★★★☆
Avanza Bank Holding (OM:AZA)	4.93%	★★★★★☆
Bahnhof (OM:BAHN B)	3.67%	★★★★☆☆

Click here to see the full list of 21 stocks from our Top Swedish Dividend Stocks screener.

We'll examine a selection from our screener results.

Knowit (OM:KNOW)

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

Overview: Knowit AB (publ) is a consultancy company focused on developing digital solutions, with a market cap of SEK4.54 billion.

Operations: Knowit AB (publ) generates revenue from four primary segments: Insight (SEK898.95 million), Solutions (SEK3.90 billion), Experience (SEK1.44 billion), and Connectivity (SEK1.02 billion).

Dividend Yield: 3.1%

Knowit has a mixed dividend profile, with payments increasing over the past decade but exhibiting volatility. The dividend is well covered by cash flows (41.6% payout ratio) and earnings (77.3% payout ratio). However, its yield of 3.13% is lower than the top quartile in Sweden. Recent earnings show a decline, with Q2 net income at SEK 3 million compared to SEK 19.5 million last year, impacting overall financial stability for future dividends.

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

Solid Försäkringsaktiebolag (OM:SFAB)

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

Overview: Solid Försäkringsaktiebolag (publ) offers non-life insurance to private and business customers across several countries including Sweden, Denmark, Norway, Finland, Germany, Switzerland, and internationally with a market cap of SEK1.58 billion.

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

Dividend Yield: 5.2%

Solid Försäkringsaktiebolag recently initiated share repurchases, acquiring 122,188 shares for SEK 10.19 million to enhance capital structure and shareholder value. The company's dividend yield of 5.22% is among the top quartile in Sweden, supported by a low payout ratio of 49.1%, indicating sustainability from earnings and cash flows (73.7% cash payout ratio). However, as dividends have just started, stability and growth remain uncertain despite a strong earnings increase to SEK 85.99 million for H1 2024.

• Dive into the specifics of Solid Försäkringsaktiebolag here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Solid Försäkringsaktiebolag is trading behind its estimated value.

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 SEK2.76 billion.

Operations: Zinzino AB (publ) generates revenue primarily from its Zinzino (including VMA Life) segment, which accounts for SEK1.83 billion, and the Faun segment, contributing SEK170.31 million.

Dividend Yield: 3.7%

Zinzino's dividend yield of 3.73% is below the top 25% in Sweden but remains reliable with a payout ratio of 56.3%, covered by both earnings and cash flows (47.4%). The company has consistently increased dividends over the past decade, supported by growing revenues and earnings, including a recent 39% revenue increase to SEK 178.7 million for August 2024 compared to last year. However, significant insider selling in the past quarter warrants caution.

• Click to explore a detailed breakdown of our findings in Zinzino's dividend report.
• Upon reviewing our latest valuation report, Zinzino's share price might be too pessimistic.

Where To Now?

• Dive into all 21 of the Top Swedish Dividend Stocks we have identified here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

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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