Top Dividend Stocks On Euronext Amsterdam For September 2024

As global markets react to the Federal Reserve's recent rate cut, European indices have shown mixed results, with the pan-European STOXX Europe 600 Index ending slightly lower. Amid this backdrop of cautious optimism and fluctuating investor sentiment, dividend stocks in the Netherlands offer a compelling opportunity for income-focused investors. In today's market conditions, a good dividend stock is characterized by its ability to provide consistent payouts and financial stability. With interest rates on the move and economic data showing varied trends across regions, these traits become even more valuable for those seeking reliable returns.

Top 5 Dividend Stocks In The Netherlands

Name	Dividend Yield	Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)	3.61%	★★★★☆☆
Randstad (ENXTAM:RAND)	5.29%	★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)	9.28%	★★★★☆☆
Signify (ENXTAM:LIGHT)	7.55%	★★★★☆☆
Aalberts (ENXTAM:AALB)	3.20%	★★★★☆☆
ING Groep (ENXTAM:INGA)	6.68%	★★★★☆☆
Acomo (ENXTAM:ACOMO)	6.53%	★★★★☆☆

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

We're going to check out a few of the best picks from our screener tool.

Aalberts (ENXTAM:AALB)

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

Overview: Aalberts N.V. provides mission-critical technologies for the aerospace, automotive, building, and maritime sectors with a market cap of €3.90 billion.

Operations: Aalberts N.V. generates revenue from two primary segments: Building Technology (€1.74 billion) and Industrial Technology (€1.49 billion).

Dividend Yield: 3.2%

Aalberts N.V. reported a slight decline in sales and net income for H1 2024, with EUR 1.62 billion in sales and EUR 149.2 million in net income. Despite this, its dividend payments are well-covered by earnings (payout ratio: 41%) and cash flows (cash payout ratio: 60.4%). However, the dividend yield is relatively low at 3.2%, and the company has an unstable dividend track record over the past decade despite some growth in payments during that period.

• Dive into the specifics of Aalberts here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Aalberts is trading behind its estimated value.

Acomo (ENXTAM:ACOMO)

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

Overview: Acomo N.V. and its subsidiaries operate in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients for the global food and beverage industry with a market cap of €521.27 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: 6.5%

Acomo's dividend yield (6.53%) is among the top 25% in the Dutch market, but its high payout ratio (95.7%) indicates dividends are not well-covered by earnings. Despite reasonable cash flow coverage (51%), its dividend payments have been volatile and unreliable over the past decade. Recent H1 2024 earnings showed flat sales at €668.2 million, but net income dropped to €17.94 million from €22.16 million a year ago, raising concerns about future sustainability of dividends given high debt levels and declining profitability.

• Click to explore a detailed breakdown of our findings in Acomo's dividend report.
• Upon reviewing our latest valuation report, Acomo's share price might be too optimistic.

Koninklijke Heijmans (ENXTAM:HEIJM)

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

Overview: Koninklijke Heijmans N.V. is involved in property development, construction, and infrastructure businesses primarily in the Netherlands and internationally, with a market cap of €661.26 million.

Operations: Koninklijke Heijmans N.V. generates revenue from its Connecting segment, which amounted to €871.03 million, and Segment Adjustment, which contributed €1.83 billion.

Dividend Yield: 3.6%

Koninklijke Heijmans N.V. reported strong H1 2024 earnings with sales of €1.22 billion and net income of €37 million, showing significant growth from the previous year. Despite this, its dividend payments have been volatile over the past decade and are considered unreliable. However, the dividends are well-covered by both earnings (30% payout ratio) and cash flows (20.7% cash payout ratio), although the current yield (3.61%) is below top-tier Dutch dividend payers.

• Navigate through the intricacies of Koninklijke Heijmans with our comprehensive dividend report here.
• Our valuation report unveils the possibility Koninklijke Heijmans' shares may be trading at a discount.

Summing It All Up

• Click this link to deep-dive into the 7 companies within our Top Euronext Amsterdam Dividend Stocks screener.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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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