Top Dividend Stocks On Euronext Amsterdam In September 2024

As global markets react to the recent U.S. Federal Reserve rate cut, European indices have shown mixed results, reflecting investor caution and optimism in different sectors. In this dynamic environment, dividend stocks on Euronext Amsterdam present a compelling opportunity for those seeking stable returns amidst market fluctuations. When evaluating dividend stocks, it's essential to consider factors such as consistent payout history and financial health, especially given the current economic backdrop where interest rate changes can significantly impact investment decisions.

Top 5 Dividend Stocks In The Netherlands

Name	Dividend Yield	Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)	3.60%	★★★★☆☆
Randstad (ENXTAM:RAND)	5.35%	★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)	9.34%	★★★★☆☆
Signify (ENXTAM:LIGHT)	7.51%	★★★★☆☆
Aalberts (ENXTAM:AALB)	3.25%	★★★★☆☆
ING Groep (ENXTAM:INGA)	6.79%	★★★★☆☆
Acomo (ENXTAM:ACOMO)	6.48%	★★★★☆☆

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

Let's review some notable picks from our screened stocks.

Aalberts (ENXTAM:AALB)

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

Overview: Aalberts N.V. provides mission-critical technologies for the aerospace, automotive, building, and maritime sectors and has a market cap of €3.84 billion.

Operations: Aalberts N.V. generates revenue through its Building Technology segment (€1.74 billion) and Industrial Technology segment (€1.49 billion).

Dividend Yield: 3.3%

Aalberts N.V. reported H1 2024 sales of €1.62 billion and net income of €149.2 million, both slightly down from the previous year. The company's dividend yield is 3.25%, lower than the top Dutch dividend payers, but dividends are well-covered by earnings (41% payout ratio) and cash flows (60.4% cash payout ratio). Despite a history of volatile dividends, Aalberts has increased its payouts over the past decade while trading below fair value estimates.

• Click to explore a detailed breakdown of our findings in Aalberts' dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Aalberts shares in the market.

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 €526.01 million.

Operations: Acomo N.V.'s revenue segments include 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 of 6.48% is among the highest in the Dutch market, but its sustainability is questionable due to a high payout ratio of 95.7%. Despite covering dividends with cash flows (51% cash payout ratio), earnings do not sufficiently cover payouts. Over the past decade, dividends have been volatile and unreliable, although they have increased overall. Recent H1 2024 results showed stable sales (€668.2 million) but a decline in net income (€17.94 million).

• Click here to discover the nuances of Acomo with our detailed analytical dividend report.
• The analysis detailed in our Acomo valuation report hints at an inflated share price compared to its estimated value.

Koninklijke Heijmans (ENXTAM:HEIJM)

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

Overview: Koninklijke Heijmans N.V. operates in property development, construction, and infrastructure sectors in the Netherlands and internationally, with a market cap of €662.60 million.

Operations: Koninklijke Heijmans N.V. generates revenue from three primary segments: Connecting (€871.03 million) and Segment Adjustment (€1.83 billion).

Dividend Yield: 3.6%

Koninklijke Heijmans reported strong H1 2024 earnings, with net income doubling to €37 million. Despite this growth, its dividend history is marked by volatility and unreliability over the past decade. However, dividends are well-covered by both earnings (30% payout ratio) and cash flows (20.7% cash payout ratio). The dividend yield of 3.6% is lower than the top 25% of Dutch dividend payers but remains sustainable given current financials.

• Get an in-depth perspective on Koninklijke Heijmans' performance by reading our dividend report here.
• Our valuation report unveils the possibility Koninklijke Heijmans' shares may be trading at a discount.

Where To Now?

• Click here to access our complete index of 7 Top Euronext Amsterdam Dividend Stocks.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Curious About Other Options?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com