Top Swiss Dividend Stocks to Consider in June 2024

Against a backdrop of fluctuating market conditions and cautious investor sentiment in Switzerland, as highlighted by recent movements in the SMI index and SECO’s economic forecasts, it is crucial that investors consider stability and potential returns . In this context, dividend stocks often attract attention due to their potential to provide stable income streams during uncertain times.

Top 10 dividend stocks in Switzerland

Name	Dividend yield	Dividend rating
Vontobel Holding (SWX:VONN)	5.58%	★★★★★★
Cembra Money Bank (SWX:CMBN)	5.22%	★★★★★★
Compagnie Financière Tradition (SWX:CFT)	4.30%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.48%	★★★★★★
St. Gallen Cantonal Bank (SWX: SGKN)	4.35%	★★★★★★
Novartis (SWX:NOVN)	3.41%	★★★★★☆
Roche Holding (SWX:ROG)	3.91%	★★★★★☆
EFG International (SWX:EFGN)	4.37%	★★★★★☆
Julius Bär Group (SWX:BAER)	5.05%	★★★★★☆
Basel Kantonalbank (SWX:BLKB)	4.71%	★★★★★☆

Click here to see the full list of 28 stocks in our pick of the highest dividend stocks.

We’ll take a look at some of the top picks from our selection tool.

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

Preview: Carlo Gavazzi Holding AG specializes in the design, manufacture and sale of electronic control components for the building automation and industrial sectors, with a market capitalization of approximately CHF 213.92 million.

Operations: Carlo Gavazzi Holding AG generates its revenues primarily from the sale of electronic control components suitable for the building automation and industrial sectors.

Dividend yield: 4%

Carlo Gavazzi Holding has stable dividend coverage, with a payout ratio of 31.8% and a cash payout ratio of 47.6%, indicating that dividends are well supported by both earnings and revenue. cash flow. However, the company’s dividend history shows volatility and unreliability over the past decade, with significant fluctuations in annual payouts. Additionally, its current dividend yield of 3.99% is lower than the top quartile average of Swiss dividend stocks of 4.29%.

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

Preview: Helvetia Holding AG operates in the life and non-life insurance and reinsurance sectors in Switzerland, Germany, Austria, Spain, Italy, France and other international markets with a market capitalization of 6 .36 billion francs.

Operations: Helvetia Holding SA generates CHF 1.81 billion from its life insurance business and CHF 7.09 billion from its non-life insurance activities.

Dividend yield: 5.2%

Helvetia Holding AG recently proposed a dividend increase of almost 7% to CHF 6.3, reflecting its commitment to improving shareholder returns despite a difficult year with net profit down to CHF 283.2 million from CHF 438 ,8000000. The company’s dividend yield stands at a competitive 5.23%, ranking in the top quartile of Swiss stocks, although its payout ratio of 120.3% raises concerns about sustainability given of the profit coverage gap. Helvetia’s dividends have demonstrated stability over the past decade, supported by cash flow with a cash payout ratio of just 36.5%.

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

Preview: TX Group AG is a Swiss company that operates various platforms and holdings offering information, guidance, entertainment and support services, with a market capitalization of approximately CHF 1.70 billion.

Operations: The turnover of TX Group AG is generated through several segments: Tamedia contributes 446.40 million CHF, Goldbach adds 274.70 million CHF, 20 Minutes generates 118.40 million CHF, TX Markets contributes 133.80 million CHF and Groups & Ventures represents 159.40 million CHF.

Dividend yield: 3.9%

TX Group has a mixed dividend profile. Even though the company’s shares trade 73.3% below our estimated fair value, its dividend history over the past decade has been marked by volatility and unreliability. Despite this, dividends have increased and are currently supported by both earnings and cash flow, with payout ratios of 86.9% and 42.1%, respectively. Its current yield of 3.87%, however, remains below the Swiss market first quartile average of 4.29%.

Summarize it all

• Click this link to dig deeper into the 28 companies in our pick of the highest dividend stocks.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to constitute financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your objectives or your financial situation. Our goal is to provide you with targeted, long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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