Bahnhof And Two More Leading Dividend Stocks On The Swedish Exchange

Amidst a backdrop of fluctuating global markets, Sweden's exchange remains a point of interest for investors seeking stability and potential growth through dividend stocks. As various regions experience shifts in economic indicators, understanding the fundamental qualities that define appealing dividend stocks becomes increasingly crucial in navigating current market conditions.

Top 10 Dividend Stocks In Sweden

Name	Dividend Yield	Dividend Rating
Betsson (OM:BETS B)	5.58%	★★★★★☆
Loomis (OM:LOOMIS)	4.45%	★★★★★☆
Nordea Bank Abp (OM:NDA SE)	8.67%	★★★★★☆
Zinzino (OM:ZZ B)	3.82%	★★★★★☆
Duni (OM:DUNI)	4.84%	★★★★★☆
HEXPOL (OM:HPOL B)	3.24%	★★★★★☆
Axfood (OM:AXFO)	3.21%	★★★★★☆
Skandinaviska Enskilda Banken (OM:SEB A)	5.23%	★★★★★☆
Avanza Bank Holding (OM:AZA)	4.81%	★★★★★☆
Bahnhof (OM:BAHN B)	3.62%	★★★★☆☆

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.

Bahnhof (OM:BAHN B)

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

Overview: Bahnhof AB (publ) operates in the Internet and telecommunications sector primarily in Sweden and across Europe, with a market capitalization of approximately SEK 5.95 billion.

Operations: Bahnhof AB generates revenue through its Retail Market segment, which brought in SEK 1.30 billion, and its Corporate Market segment (excluding Typhoon), which contributed SEK 606.24 million.

Dividend Yield: 3.6%

Bahnhof AB, a Swedish company, reported a revenue increase to SEK 491.38 million and net income to SEK 56.17 million in Q1 2024, showing earnings growth of 17.7% over the past year. Despite this performance, its dividend sustainability is questionable with a high payout ratio of 97.5% and dividends not well covered by earnings or cash flows; the dividend yield stands at 3.62%, below the top tier in Sweden's market at 4.09%. However, dividends have shown reliability and growth over the past decade.

• Click here and access our complete dividend analysis report to understand the dynamics of Bahnhof.
• The valuation report we've compiled suggests that Bahnhof's current price could be inflated.

Solid Försäkringsaktiebolag (OM:SFAB)

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

Overview: Solid Försäkringsaktiebolag operates as a provider of non-life insurance products for 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 its revenue from three main segments: Product (SEK 328.53 million), Assistance (SEK 339.51 million), and Personal Safety (SEK 423.71 million).

Dividend Yield: 5.1%

Solid Försäkringsaktiebolag's recent financials show a positive trajectory with earnings up 21.4% year-over-year and a net income of SEK 85.99 million in the first half of 2024. Despite being new to dividends, the company maintains a moderate payout ratio of 50.2%, ensuring dividends are well-supported by earnings and cash flows, with a cash payout ratio at 86.5%. Their dividend yield stands at an attractive 5.08%, ranking in the top quartile within Sweden's market average of 4.09%.

• Unlock comprehensive insights into our analysis of Solid Försäkringsaktiebolag stock in this dividend report.
• According our valuation report, there's an indication that Solid Försäkringsaktiebolag's share price might be on the cheaper side.

Zinzino (OM:ZZ B)

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

Overview: Zinzino AB, a direct sales company based in Sweden, offers dietary supplements and skincare products globally with a market capitalization of approximately SEK 2.69 billion.

Operations: Zinzino AB generates its revenue primarily through two segments: Faun, which contributed SEK 161.20 million, and Zinzino (including VMA Life), which accounted for SEK 1737.25 million.

Dividend Yield: 3.8%

Zinzino AB has demonstrated a consistent ability to grow and sustain its dividends, with a stable dividend yield of 3.82% and dividends per share steady over the past decade. The company maintains a healthy payout ratio of 59.9% from earnings and 59.3% from cash flows, ensuring dividends are well-supported. However, its dividend yield is slightly below the top quartile of Swedish dividend payers at 4.09%. Recent expansions into Serbia and active pursuit of acquisitions in the US and Asia indicate strategic growth efforts, although there's notable insider selling which could warrant caution among investors.

• Delve into the full analysis dividend report here for a deeper understanding of Zinzino.
• Our valuation report here indicates Zinzino may be undervalued.

Next Steps

• Click through to start exploring the rest of the 18 Top Swedish Dividend Stocks now.
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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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