Dividend growth stocks - part 2 (Sweden)

European dividend growth stocks
The Dividend Champions, Contenders and Achievers offer you a great source of dividend growth stocks, but they are limited to US stocks only. That's why you should also take a look at dividend stocks outside of US. There are a lot companies in Europe that have great business models, growth and shareholder friendly dividend policies.

That's why I decided to introduce some of them with a short description. This time the focus is on Swedish dividend stocks.

Assa abloy is the worlds largest lock manufacturer by sales volume. It was formed in 1994, when the company was separated from Securitas. Assa Abloy has since made over 150 acquisitions including companies such as Yale lock, Medeco, Mult-lock and Fichet Bauche. Assa Abloy has door opening products and solutions for commercial, institutional and consumer markets. It has over 47.000 workers worldwide.

The company has paid a dividend every year since 2001 and it has increased its dividend for eight consecutive years. However, the dividend was frozen between 2007-2009. Since 2009, Assa Abloy  has delivered average dividend growth of 13,65%. Current yield 1,75%.

Autoliv is the worlds largest automotive safety supplier. Autoliv develops, manufactures and markets airbags, seatbelts, steering wheels, passive safety electronics and active safety systems, including brake control systems, radar, night vision and camera vision systems. It has over 72.000 workers in 27 countries.

The company has paid a dividend every year since 1998 and it has increased its dividend for seven consecutive years. The dividend was cut in 2009 and 2010. Since 2008, Autoliv has increased its yearly payout from USD 1,29 per share to USD 2,49 per share. Current yield 1,58%.

Bufab is a trading company that offers is customers a full-service solution as supply chain partner for sourcing, quality control and logistics for C-parts (=screws and nuts). The company has operations in 27 countries and 1.200 employees.

The company has paid a dividend since 2014. The objective of the company is to pay 30-60 percent of the yearly net profit. Since 2014 it has increased its dividend from SEK 1,5 per share to SEK 2,25 per share. Current yield 2,01%.

Kinnevik is a investment company focused on building digital consumer businesses. The company operations are divided into four segments: E-commerce & marketplaces, communication, Entertainment and financial services. The company holds significant stakes in 30 companies. The largest holdings are Zalando, Millicom, Tele2, Global Fashion Group, MTG and Com Hem.

The company has paid a dividend every year since 2003 and it has increased its dividend for ten consecutive years. In addition, it has paid a special dividend in 2015. However, the company failed to increase its dividend in 2008. Since 2007, Kinnevik has increased its yearly payout  from SEK 1,83 per share to SEK 8,25 per share. Current yield 2,65%.

Swedish Match develops, manufactures and sells Snus and moist snuff, other tobacco products and lights. The company has production in seven countries, with sales concentrated in Scandinavia and the US. Its brands include General (snus), Longhorn (moist snus), White Owl (homogenized tobacco leaf cigars), Red Man (chewing tobacco) and Cricket (lighters).

The company has paid a dividend since 1996 and it has increased its normal dividend for four consecutive years. It has also paid a special dividend 2014-2017. Between 1996-2017 the dividend has been frozen twice. Current yield 3,86%.

Now i'd like to hear from you. Have you considered adding European stocks to your portfolio? Share with us via comment.

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