3 Swedish Dividend Stocks Yielding Up To 6.3%

In This Article:

As global markets face heightened tensions and economic uncertainties, the Swedish market remains a focal point for investors seeking stability and income through dividend stocks. In this environment, selecting stocks that offer reliable dividends can provide a buffer against volatility, making them an attractive option for those looking to balance risk with steady returns.

Top 10 Dividend Stocks In Sweden

Name

Dividend Yield

Dividend Rating

Bredband2 i Skandinavien (OM:BRE2)

4.57%

★★★★★★

HEXPOL (OM:HPOL B)

3.82%

★★★★★☆

Zinzino (OM:ZZ B)

3.20%

★★★★★☆

Axfood (OM:AXFO)

3.01%

★★★★★☆

Skandinaviska Enskilda Banken (OM:SEB A)

5.63%

★★★★★☆

Duni (OM:DUNI)

4.82%

★★★★★☆

Avanza Bank Holding (OM:AZA)

4.81%

★★★★★☆

Loomis (OM:LOOMIS)

3.90%

★★★★☆☆

Afry (OM:AFRY)

3.07%

★★★★☆☆

SSAB (OM:SSAB A)

9.85%

★★★★☆☆

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

We'll examine a selection from our screener results.

BioGaia

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

Overview: BioGaia AB (publ) is a healthcare company that offers probiotic products globally, with a market capitalization of approximately SEK10.94 billion.

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

Dividend Yield: 6.4%

BioGaia's dividend yield of 6.38% ranks among the top 25% in Sweden, yet its reliability is questionable due to volatility and a high cash payout ratio of 193.8%, indicating dividends aren't well covered by cash flows. Despite a low earnings payout ratio of 47.8%, suggesting coverage by profits, the sustainability remains uncertain without strong cash flow backing. Recent earnings growth shows promise, with Q2 sales at SEK 384.12 million and net income rising to SEK 111.01 million.

OM:BIOG B Dividend History as at Oct 2024
OM:BIOG B Dividend History as at Oct 2024

Bredband2 i Skandinavien

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

Overview: Bredband2 i Skandinavien AB (publ) offers data communication and security solutions to individuals and companies in Sweden, with a market cap of approximately SEK1.89 billion.

Operations: Bredband2 i Skandinavien AB (publ) generates revenue primarily from its National Broadband Service segment, which accounts for SEK1.65 billion.

Dividend Yield: 4.6%

Bredband2 i Skandinavien offers a stable dividend profile, with a yield of 4.57% placing it among the top 25% of Swedish dividend payers. The company's dividends are reliably covered by earnings (payout ratio: 87.6%) and cash flows (cash payout ratio: 39.1%). Recent financial results show growth, with Q2 sales increasing to SEK 429.55 million and net income rising to SEK 24.35 million, supporting continued dividend payments amidst consistent earnings growth over the past year.