Top Dividend Stocks On Euronext Amsterdam In September 2024

As European markets face renewed fears about global economic growth, the pan-European STOXX Europe 600 Index has seen a notable decline. Amid this backdrop, dividend stocks on Euronext Amsterdam offer an appealing option for investors seeking steady income streams. In times of market uncertainty, dividend-paying stocks can provide a reliable source of income and potential stability.

Top 5 Dividend Stocks In The Netherlands

Name	Dividend Yield	Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)	3.83%	★★★★☆☆
Aalberts (ENXTAM:AALB)	3.37%	★★★★☆☆
Randstad (ENXTAM:RAND)	5.43%	★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)	9.89%	★★★★☆☆
Signify (ENXTAM:LIGHT)	7.58%	★★★★☆☆
ING Groep (ENXTAM:INGA)	6.93%	★★★★☆☆
Acomo (ENXTAM:ACOMO)	6.69%	★★★★☆☆

Click here to see the full list of 7 stocks from our Top Euronext Amsterdam Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

ABN AMRO Bank (ENXTAM:ABN)

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

Overview: ABN AMRO Bank N.V. offers a range of banking products and financial services to retail, private, and business clients both in the Netherlands and internationally, with a market cap of €12.72 billion.

Operations: ABN AMRO Bank N.V.'s revenue segments include Corporate Banking (€3.46 billion), Wealth Management (€1.55 billion), and Personal & Business Banking (€4.02 billion).

Dividend Yield: 9.9%

ABN AMRO Bank's dividend payments, while currently covered by earnings with a 50.5% payout ratio, have been volatile over the past nine years. Recent interim dividends were set at €0.60 per share, totaling €500 million. Despite trading at good value compared to peers and industry, the bank has faced declining net income and earnings per share in recent reports. Additionally, executive changes may impact future stability and strategic direction for dividend sustainability.

• Delve into the full analysis dividend report here for a deeper understanding of ABN AMRO Bank.
• Our comprehensive valuation report raises the possibility that ABN AMRO Bank is priced lower than what may be justified by its financials.

Acomo (ENXTAM:ACOMO)

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

Overview: Acomo N.V. operates in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients for the food and beverage industry across the Netherlands, Europe, North America, and internationally with a market cap of €509.43 million.

Operations: Acomo N.V. generates revenue through various segments including Tea (€124.04 million), Edible Seeds (€246.52 million), Food Solutions (€23.47 million), Spices and Nuts (€445.76 million), and Organic Ingredients (€429.28 million).

Dividend Yield: 6.7%

Acomo N.V.'s H1 2024 earnings showed stable sales at €668.2 million but a decline in net income to €17.94 million from €22.16 million last year, with EPS dropping to €0.61 from €0.75. Despite a high dividend yield of 6.69%, the payout ratio is unsustainable at 95.7%, and dividends are not well covered by earnings, though they are supported by cash flows (51% cash payout ratio). Dividend payments have been volatile over the past decade, reflecting financial instability despite a favorable P/E ratio of 14.3x compared to the market's 16.1x.

• Click here to discover the nuances of Acomo with our detailed analytical dividend report.
• Our valuation report unveils the possibility Acomo's shares may be trading at a premium.

ING Groep (ENXTAM:INGA)

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

Overview: ING Groep N.V. offers a range of banking products and services across the Netherlands, Belgium, Germany, the rest of Europe, and internationally with a market cap of €50.70 billion.

Operations: ING Groep N.V.'s revenue segments include €4.97 billion from Retail Banking Netherlands, €2.61 billion from Retail Banking Belgium, €2.97 billion from Retail Banking Germany, €6.69 billion from Wholesale Banking, and €334 million from the Corporate Line segment.

Dividend Yield: 6.9%

ING Groep's dividend stability is questionable, given its volatile payments over the past 9 years. Despite a reasonable payout ratio of 69.8%, recent financial performance shows declining net interest income and net income for H1 2024. The company has completed significant share buybacks totaling €4.07 billion, indicating strong capital management but also reflecting fluctuating earnings. ING's interim dividend of €0.35 per share aligns with its policy, yet future sustainability remains uncertain due to inconsistent historical payouts and earnings volatility.

• Navigate through the intricacies of ING Groep with our comprehensive dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of ING Groep shares in the market.

Next Steps

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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