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### 3 Top Dividend Stocks On Euronext Amsterdam Yielding Up To 7.1% ###
Reviewed by Simply Wall St
As hopes for a soft landing grow in the U.S., European markets have also shown resilience, with the pan-European STOXX Europe 600 Index ending higher amid optimism for potential interest rate cuts. This positive sentiment has extended to the Netherlands, making it an opportune time to consider dividend stocks on Euronext Amsterdam. In today's market conditions, a good dividend stock is characterized by its ability to provide consistent and attractive yields while maintaining financial stability. Here are three top dividend stocks on Euronext Amsterdam that fit this profile, yielding up to 7.1%.
Top 5 Dividend Stocks In The Netherlands
Name | Dividend Yield | Dividend Rating |
Koninklijke Heijmans (ENXTAM:HEIJM) | 3.42% | ★★★★☆☆ |
Aalberts (ENXTAM:AALB) | 3.31% | ★★★★☆☆ |
Signify (ENXTAM:LIGHT) | 7.14% | ★★★★☆☆ |
Randstad (ENXTAM:RAND) | 5.36% | ★★★★☆☆ |
ABN AMRO Bank (ENXTAM:ABN) | 9.88% | ★★★★☆☆ |
ING Groep (ENXTAM:INGA) | 6.96% | ★★★★☆☆ |
Acomo (ENXTAM:ACOMO) | 6.50% | ★★★★☆☆ |
Let's dive into some prime choices out of the screener.
Koninklijke Heijmans (ENXTAM:HEIJM)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Koninklijke Heijmans N.V. operates in property development, construction, and infrastructure sectors both in the Netherlands and internationally, with a market cap of €698.81 million.
Operations: Koninklijke Heijmans N.V. generates revenue of €871.03 million from its Connecting segment and €1.83 billion from Segment Adjustment activities.
Dividend Yield: 3.4%
Koninklijke Heijmans has shown a mixed dividend profile with volatility in payments over the past decade, though recent increases are notable. The dividend yield of 3.42% lags behind top Dutch market payers. However, its payout ratios (earnings: 30%, cash flow: 20.7%) suggest strong coverage and sustainability. Recent earnings reported a significant rise in net income to €37 million for H1 2024, bolstering confidence despite past shareholder dilution and share price volatility.
- Unlock comprehensive insights into our analysis of Koninklijke Heijmans stock in this dividend report.
- Our comprehensive valuation report raises the possibility that Koninklijke Heijmans is priced lower than what may be justified by its financials.
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 €50.96 billion.
Operations: ING Groep N.V.'s revenue segments include Retail Banking Netherlands (€4.97 billion), Wholesale Banking (€6.69 billion), Retail Banking Germany (€2.97 billion), Retail Banking Belgium (€2.61 billion), and other retail banking operations (€4.14 billion).
Dividend Yield: 7.0%
ING Groep's recent earnings report showed a decline in net income to €1.78 billion for Q2 2024 from €2.16 billion a year ago, impacting its dividend sustainability. The company's interim dividend of €0.35 per share aligns with its policy but reflects volatility in payments over the past nine years. Despite this, ING maintains a reasonable payout ratio of 69.8%, suggesting dividends are currently covered by earnings and forecasted to remain so in three years at 50.7%.
- Get an in-depth perspective on ING Groep's performance by reading our dividend report here.
- The valuation report we've compiled suggests that ING Groep's current price could be quite moderate.
Signify (ENXTAM:LIGHT)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Signify N.V. offers lighting products, systems, and services across Europe, the Americas, and internationally with a market cap of €2.74 billion.
Operations: Signify N.V. generates revenue from its conventional lighting segment, which amounted to €519 million.
Dividend Yield: 7.1%
Signify reported Q2 2024 earnings with net income rising to €62 million from €41 million year-on-year, despite a drop in sales. The company has paid dividends for eight years, but payments have been volatile and unreliable. However, its current dividend yield is among the top 25% in the Dutch market. Dividends are covered by both earnings (80.4% payout ratio) and cash flows (34.2% cash payout ratio), indicating sustainability despite past inconsistencies.
- Click here to discover the nuances of Signify with our detailed analytical dividend report.
- Our valuation report unveils the possibility Signify's shares may be trading at a discount.
Seize The Opportunity
- Discover the full array of 7 Top Euronext Amsterdam Dividend Stocks right here.
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Seeking Other Investments?
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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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About ENXTAM:INGA
ING Groep
Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.
Solid track record with excellent balance sheet and pays a dividend.
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