Best Dividend Stocks in Denmark (October 2026)

ATLAS screened 69 listed companies in Denmark. 18 pass the dividend filters: a yield between 1% and 15%, positive earnings and a payout of no more than 100% of profit. Their median yield is 2.81%. The table ranks the top 25 by yield and shows, next to each, how far the price sits from ATLAS fair value and the model probability of a higher close in a month.

Data as of Oct 30, 2026. Prices and ratios are the latest stored close; this page refreshes at least every 6 hours.

#	Company	Price	Dividend yield	P/E	vs fair value	Chance up (1 month)
1	GRLA.COGroenlandsbanken AS	DKK 1,290	6.78%	14.0	-17%	52%
2	STG.COScandinavian Tobacco	DKK 76.70	5.72%	9.4	-59%	53%
3	DANSKE.CODanske Bank	DKK 356.20	4.86%	12.0	-13%	54%
4	NOVO-B.CONovo Nordisk	DKK 260.35	4.44%	9.8	-47%	50%
5	RBREW.CORoyal Unibrew	DKK 429.80	3.70%	13.4	-36%	52%
6	MTHH.COMT Hoejgaard	DKK 280.00	3.64%	13.8	-3%	50%
7	ALSYDB.COAL Sydbank	DKK 724.00	3.55%	22.1	+86%	53%
8	AOJ-B.COBroedrene A&O Johansen A/S Series B	DKK 113.40	3.51%	14.9	-3%	52%
9	CARL-B.COCarlsberg	DKK 934.20	3.02%	20.0	-13%	52%
10	PNDORA.COPandora	DKK 816.00	2.60%	12.5	-44%	51%
11	HLUN-B.COH Lundbeck	DKK 54.45	2.36%	12.6	-66%	51%
12	SJF.COSJF Bank	DKK 529.00	2.35%	13.8	-6%	52%
13	MATAS.COMatas	DKK 93.00	2.22%	17.1	-24%	52%
14	SCHO.COSchouw & Co.	DKK 830.00	2.04%	24.3	+14%	53%
15	DJUR.CODjurslands Bank	DKK 1,175	1.85%	10.6	-25%	53%
16	PAAL-B.COPer Aarsleff	DKK 708.00	1.75%	14.1	-46%	51%
17	PARKEN.COPARKEN Sport & Entertainment	DKK 245.00	1.22%	11.0	-66%	50%
18	ISS.COISS	DKK 286.60	1.09%	17.4	-41%	52%

Fair value gap: a negative number means the price is below ATLAS fair value. "Chance up" is the probability of a higher close in 21 trading sessions (about a month) in ATLAS's calibrated model.

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The top 10 in a sentence

Groenlandsbanken AS (GRLA.CO) yields 6.78% at today's price with a P/E of 14.0, which means roughly 95% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. ATLAS puts it 17% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
Scandinavian Tobacco (STG.CO) yields 5.72% at today's price with a P/E of 9.4, which means roughly 54% of earnings goes to dividends. ATLAS puts it 59% below its fair value. ATLAS gives it a 53% chance of closing higher in a month.
Danske Bank (DANSKE.CO) yields 4.86% at today's price with a P/E of 12.0, which means roughly 58% of earnings goes to dividends. ATLAS puts it 13% below its fair value. ATLAS gives it a 54% chance of closing higher in a month.
Novo Nordisk (NOVO-B.CO) yields 4.44% at today's price with a P/E of 9.8, which means roughly 43% of earnings goes to dividends. ATLAS puts it 47% below its fair value. ATLAS gives it a 50% chance of closing higher in a month.
Royal Unibrew (RBREW.CO) yields 3.70% at today's price with a P/E of 13.4, which means roughly 49% of earnings goes to dividends. ATLAS puts it 36% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
MT Hoejgaard (MTHH.CO) yields 3.64% at today's price with a P/E of 13.8, which means roughly 50% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 50% chance of closing higher in a month.
AL Sydbank (ALSYDB.CO) yields 3.55% at today's price with a P/E of 22.1, which means roughly 78% of earnings goes to dividends. That is a high payout, so there is less room to raise the dividend if profits dip. It trades 86% above ATLAS fair value. ATLAS gives it a 53% chance of closing higher in a month.
Broedrene A&O Johansen A/S Series B (AOJ-B.CO) yields 3.51% at today's price with a P/E of 14.9, which means roughly 52% of earnings goes to dividends. ATLAS puts it close to its fair value. ATLAS gives it a 52% chance of closing higher in a month.
Carlsberg (CARL-B.CO) yields 3.02% at today's price with a P/E of 20.0, which means roughly 60% of earnings goes to dividends. ATLAS puts it 13% below its fair value. ATLAS gives it a 52% chance of closing higher in a month.
Pandora (PNDORA.CO) yields 2.60% at today's price with a P/E of 12.5, which means roughly 32% of earnings goes to dividends. The payout is modest, which leaves room to keep or raise the dividend. ATLAS puts it 44% below its fair value. ATLAS gives it a 51% chance of closing higher in a month.

How ATLAS ranks dividend stocks in Denmark

Yield is the dividends paid over the last twelve months divided by today's price, taken from stored company data. We keep companies with a market value above USD 300 million and enough trading volume, a yield between 1% and 15% (above that the market is usually pricing in a cut), a positive profit margin and a positive P/E.

The payout check is simple: yield multiplied by P/E approximates the share of earnings paid out. Anything above 100% is dropped, because a dividend that exceeds what the company earns is hard to keep. What is left is sorted by yield.

Limits: a high yield can also mean a falling price. Yields are trailing figures, not promises, and companies can cut or skip dividends. Withholding tax, currency effects and your own tax situation are not included. The probability of a higher close comes from ATLAS's calibrated one-month model, which gives most stocks a figure close to 50%, so do not read it as a forecast. This is information, not investment advice.

Frequently asked questions

What are the best dividend stocks in Denmark?

Of 18 companies that pass ATLAS dividend filters in Denmark, the highest yields in October 2026 belong to Groenlandsbanken AS, Scandinavian Tobacco, and Danske Bank. The top of the table yields 6.78% and the 25 listed go down to 1.09%. A higher yield is not automatically better: check the payout and whether the price is above fair value.

How does ATLAS pick dividend stocks?

It starts from every published company in Denmark (69), keeps those with a yield between 1% and 15%, positive earnings and a payout under 100%, and ranks them by yield. Fair value and probability are shown for context and do not change the order.

Is a high dividend yield safe?

Not necessarily. Yield rises when the price falls, so a very high figure can signal that investors expect a cut. That is why ATLAS caps the yield at 15% and drops payouts above 100% of profit. Even so, dividends are never guaranteed.

What is the typical dividend yield in Denmark?

Among the 18 companies that pass the filters the median yield is 2.81%, with a median P/E of 13.8. 5 of them are in Financial Services, the most represented sector.

How often is this list updated?

Prices, ratios and fair values come from ATLAS's stored data, refreshed every day, and this page is rebuilt at least every 6 hours. The month in the title follows the date of the data.

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Information only, not investment advice. ATLAS estimates come from statistical models using public data; they can be wrong, and past results do not guarantee future ones. Disclaimer