Dividend growth stocks - part 1 (Finland)

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 and Asia, 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 Finnish dividend stocks.

Kone is a global elevator and escalator company founded in 1910. The company provides elevators, escalators and automated doors, as well as solutions for maintenance and modernization. Kone employs nearly 55.000 employees across 60 countries worldwide.

The company has increased its dividend for eight consecutive years and it has also paid three special dividends since 2010. However, the company failed to raise its normal dividend in 2008 and 2006. Since 2009 Kone has delivered average dividend growth of 22.5%. Current yield 3,9 %.

Amer Sports is a sporting goods company with internationally recognized brands such as Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto and Precor. Amer Sports business is balanced by its broad portfolio and presence in all major markets. Since 1977, Amer Sports shares are listed on the Nasdaq Helsinki stock exchange.

The company has paid a dividend every year since 2000 and it has increased its dividend for eight consecutive years. The dividend was cut in 2008 from 0,50 EUR per share to 0,16 EUR per share. Since 2009, Amer Sports has delivered average dividend growth of 20,3%. Current yield 2,6%.

Huhtamäki is a global food packaging company founded in 1920. Its products include paper and plastic disposable tableware, such as cups, plates and containers for restaurants, coffee shops and caterers etc. Huhtamaki provides coated paper cups to fast food companies and flexible packaging and labels for food, pharma, household and hygiene brands.

The company has paid a dividend every year since 1995 and it has increased its dividend for 8 consecutive years. The dividend was cut in 2008 from 0,42 EUR per share to 0,34 EUR per share. Since 2009, Huhtamaki has delivered average dividend growth of 10%. Current yield 2,3%.

Sampo is a financial company made up of the parent company Sampo plc and its subsidiaries IF P&C Insurance Holding Ltd, Mandatum Life Insurance Company Ltd and Topdanmark. The company also owns a 20 % stake in Nordea bank.

The company has paid a dividend every year since 1993 and it has increased its dividend for 8 consecutive years. The dividend was cut in 2008 from 1,20 EUR per share to 0,80 EUR per share. Since 2009, Sampo has delivered average dividend growth of 14%. Current yield 6,2%.

Wartsila is a global company which manufactures and services power sources and equipments in the marine and energy markets. Its products include large combustion engines used in cruise ships and ferries. The company employs 18.000 workers across 70 countries.

The company has increased its dividend for six consecutive years. It has also paid three special dividends since 2005. However, the company has cut its normal dividend two times, in 2008 and 2011. Since 2012 Wartsila has delivered average dividend growth of 7,4%. Current yield 2,46 %.

Neste is a oil refining company specializing in lower-emission traffic fuels. It produces, refines and markets oil products and provides engineering services. The company is the worlds leading producer of renewable diesel made from renewable raw materials. Neste has operations in 14 countries and it employs 5.000 workers.

The company has increased its dividend only for three consecutive years but after cutting its dividend in 2009 it has increased its dividend from 0,25 EUR per share to 1,70 EUR per share. Current yield 2,44%.

Nokian Tyres is a company which produces tyres for cars, trucks, buses and heavy duty equipment. The company operates on the consumer car and vehicle replacement and premium snow tyre markets. It also produces retreating materials and tyre pressure monitors. In addition, the company operates the only permanent winter tyre testing facility in the world.

The company has paid a dividend every year since 1996 and it has increased its dividend for three consecutive years. The dividend was cut in 2009 from 0,50 EUR per share to 0,40 EUR per share. Since 2009, the dividend has increased to 1,56 EUR per share. Current yield 4,7%.

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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