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On March 21, four companies on Nasdaq Stockholm are trading without dividend rights. The companies include real estate firms Atrium Ljungberg, with a dividend of SEK 1.80 per share, and Hufvudstaden at SEK 2.80 per share, alongside major bank Nordea at EUR 0.94 per share, and forestry company Stora Enso at EUR 0.13 per share.
Nordea shareholders overwhelmingly rejected a proposal to halt fossil fuel lending, with 95.36% voting against it. The bank has provided $641 million in loans to upstream oil and gas companies over two years, despite being part of the Net-Zero Banking Alliance. Critics highlighted Nordea's financing of the controversial East African Crude Oil Pipeline and called for a shift away from fossil fuel investments, but the bank's leadership emphasized the need to support Norway's oil and gas economy.
European stock markets declined as investors reacted to recent monetary policy decisions, with Germany's DAX falling 1.9% and France's CAC 40 down 1.3%. Commerzbank shares plummeted over 5% after CEO Bettina Orlopp stated there had been no discussions with UniCredit regarding a stake acquisition. Meanwhile, oil prices saw slight declines following a report of increased U.S. crude inventories, despite signs of strong demand.
UMH Properties, Inc., a public equity REIT operating 135 manufactured home communities across several states, has a dividend payout ratio of 2,866.67%. Recently, Zurcher Kantonalbank increased its stake in the company by 64.7%, while analysts maintain a Moderate Buy rating, with a consensus price target of $21.25. The firm reported a quarterly EPS of $0.24, exceeding estimates, and declared a quarterly dividend of $0.215 per share, yielding 4.71%.
Central banks are in focus today, with the Bank of England expected to maintain its rate at 4.50%, while the Swiss National Bank may cut its rate to 0.25%. The Riksbank is anticipated to hold steady at 2.25%, with a dovish outlook possible. In the US, the Fed's recent meeting resulted in unchanged rates, leading to lower rates and a weaker USD, while global equities rose, particularly in the US.
Private equity firm Hellman & Friedman has appointed Goldman Sachs and Morgan Stanley to lead the initial public offering (IPO) for Verisure, a security group. This IPO is anticipated to be one of the largest listings in Europe in recent years and could revitalize the European IPO market, which has faced recent challenges due to market instability.
ECom Teams Sweden AB has announced its insolvency following a dispute with Danske Bank, citing liquidity issues that are no longer deemed temporary. The company accuses the bank of breaching a refinancing agreement and taking 52 million SEK, estimating damages between 100-150 million SEK due to the bank's actions. ECom Teams plans to report Danske Bank to the Financial Supervisory Authority after the bank rejected its refinancing proposal.
The debate over UBS's role in the Swiss economy intensifies, with some economists arguing it is not irreplaceable, while others emphasize its significance for local businesses. The Federal Council's recent actions have raised concerns about increased dependence on UBS, which some view as a geopolitical risk. Meanwhile, foreign banks are expanding their presence, sensing an opportunity as UBS faces stricter capital requirements and potential relocation discussions.
Deutsche Bank has lowered its price target for Assa Abloy to SEK310 while maintaining a Hold rating, citing reduced earnings per share estimates due to negative foreign exchange impacts and potential dilutive mergers. The company, trading at $15.38, has shown resilience with an 8.65% return over the past year, but faces challenges from increased fiscal spending in Germany and ongoing U.S. tariffs. Assa Abloy is set to release its first-quarter results on April 23, with expectations of organic growth around 2% and a projected EBIT margin decline to 14.8%.
Danske Bank has formed a strategic partnership with SPP to enhance their offerings in banking and insurance products. The collaboration will initially focus on contractual pensions and banking services, aiming to provide customers with increased security throughout various life stages. Both companies emphasize the strength of their combined services to better meet customer needs.
SWE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
four companies on nasdaq stockholm trade excluding dividends today
06:03 21.03.2025
nordea shareholders reject fossil fuel lending resolution amid growing criticism
United States Dollar
BlackRock, Inc.
Nordea Bank Abp
Danske Bank A/S
Total
Handelsbanken Asien Tema (A1 EUR)
TZA
UGA
DNK
NOR
SWE
Stephen Hester
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15:11 20.03.2025
European stocks decline as central bank decisions weigh on markets
Swedish Krona
British Pound Sterling
United States Dollar
Euro
Norwegian Krone
DEUTZ
UniCredit S.p.A.
Commerzbank AG
Hapag-Lloyd AG
Sodexo
SWE
DEU
FRA
GBR
Bettina Orlopp
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11:56 20.03.2025
umh properties reports high dividend payout and recent investor activity
08:44 20.03.2025
central banks maintain rates as markets react to economic signals
Swedish Krona
British Pound Sterling
United States Dollar
Euro
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Swiss National Bank
People's Bank of China
NVIDIA Corporation
Danske Bank A/S
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London Stock Exchange Group plc
Bank of England
UKR
DEU
NOR
SWE
GBR
USA
CHE
CHN
JPN
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07:45 20.03.2025
Verisure selects Goldman Sachs and Morgan Stanley for upcoming IPO
22:25 19.03.2025
eCom Teams Sweden files for insolvency amid dispute with Danske Bank
08:52 19.03.2025
the debate on the necessity of UBS for the swiss economy
Nordea Bank Abp
SWE
CHE
FIN
Aymo Brunetti
Karin Keller-Sutter
Sergio Ermotti
Jean-philippe Kohler
Roman Studer
Adriel Jost
Natalia Ferrara
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18:14 18.03.2025
Deutsche Bank lowers Assa Abloy stock target amid economic uncertainties
14:27 18.03.2025
danske bank and spp form strategic partnership to enhance customer offerings
09:16 18.03.2025
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