Top Swedish Dividend Stocks For July 2024

In This Article:

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

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.

OM:EOLU B Dividend History as at Jul 2024
OM:EOLU B Dividend History as at Jul 2024

New Wave Group

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).