3 Swedish Dividend Stocks Yielding Up To 9.9%

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3 Swedish Dividend Stocks Yielding Up To 9.9%

The Swedish stock market has been navigating a complex landscape, influenced by global economic shifts and recent monetary policy decisions. Despite these challenges, dividend stocks in Sweden continue to offer attractive yields for investors seeking stable income streams. In this article, we will explore three Swedish dividend stocks yielding up to 9.9%. A good dividend stock typically combines strong financial health with consistent payout history, making it a reliable choice in today’s fluctuating market conditions.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Bredband2 i Skandinavien (OM:BRE2)

4.47%

★★★★★★

Betsson (OM:BETS B)

5.92%

★★★★★☆

Nordea Bank Abp (OM:NDA SE)

8.60%

★★★★★☆

HEXPOL (OM:HPOL B)

3.77%

★★★★★☆

Zinzino (OM:ZZ B)

3.58%

★★★★★☆

Axfood (OM:AXFO)

3.04%

★★★★★☆

Duni (OM:DUNI)

4.85%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.43%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.75%

★★★★★☆

Afry (OM:AFRY)

3.04%

★★★★☆☆

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Below we spotlight a couple of our favorites from our exclusive screener.

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

Overview: BioGaia AB (publ) is a healthcare company that provides probiotic products worldwide and has a market cap of SEK11.30 billion.

Operations: BioGaia AB (publ) generates revenue primarily from its Pediatrics segment, which accounts for SEK1072.93 million, and its ****** Health segment, contributing SEK288.68 million.

Dividend Yield: 6.2%

BioGaia’s dividend yield of 6.18% places it among the top 25% of dividend payers in Sweden, yet its sustainability is questionable. Despite a decade-long increase in dividends, they are not well covered by free cash flow, with a high cash payout ratio of 193.8%. Recent earnings show promising growth, with Q2 sales at SEK 384.12 million and net income at SEK 111.01 million, but significant insider selling raises concerns about future stability.

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OM:BIOG B Dividend History as at Sep 2024

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

Overview: HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered products across Sweden, Europe, the Americas, and Asia with a market cap of SEK36.54 billion.

Operations: HEXPOL AB (publ) generates revenue primarily from HEXPOL Compounding (SEK20.18 billion) and HEXPOL Engineered Products (SEK1.61 billion).

Dividend Yield: 3.8%

HEXPOL offers a stable dividend yield of 3.77%, although it falls below the top 25% of Swedish dividend payers. Dividends have been consistently growing and are well-covered by both earnings (55.4% payout ratio) and cash flows (57.8% cash payout ratio). Recent earnings showed a slight decline, with Q2 sales at SEK 5.45 billion and net income at SEK 654 million, reflecting minor year-over-year decreases in financial performance.

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OM:HPOL B Dividend History as at Sep 2024

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

Overview: SSAB AB (publ) produces and sells steel products in Sweden, Finland, the rest of Europe, the ******* States, and internationally with a market cap of SEK49.28 billion.

Operations: SSAB AB (publ) generates revenue from several segments, including SSAB Europe (SEK43.44 billion), SSAB Americas (SEK26.81 billion), SSAB Special Steels (SEK30.49 billion), Tibnor (SEK12.50 billion), and Ruukki Construction (SEK5.41 billion).

Dividend Yield: 9.9%

SSAB’s dividend yield stands out at 9.92%, ranking in the top 25% of Swedish dividend payers. However, its dividend history has been volatile and unreliable over the past six years. Despite this, dividends are well-covered by both earnings (48.7% payout ratio) and cash flows (49.5% cash payout ratio). Recent financial performance showed a decline with Q2 sales at SEK 28.28 billion and net income at SEK 2.42 billion, reflecting lower year-over-year results.

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OM:SSAB A Dividend History as at Sep 2024

Where To Now?Curious About Other Options?

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.

Companies discussed in this article include OM:BIOG B OM:HPOL B and OM:SSAB A.

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#Swedish #Dividend #Stocks #Yielding

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