Swedbank Overtakes Volvo as Top Payer After Swedish Bank Reports

Swedbank has overtaken AB Volvo as the largest dividend payer in Sweden after proposing a 33.7 billion kr distribution following stronger than expected financial results.The bank will pay 29.80 kr per share under CEO Jens Henriksson, while the Wallenberg-owned SEB led by Johan Torgeby proposed a 21.6 billion kr payout despite a 4.5 percent drop in its share price.Industrial group ABB saw its shares surge 6 percent after raising dividends, joining other major firms like Ericsson and Tele2 in announcing multi-billion dollar returns to shareholders.