Top 3 Dividend Stocks On Euronext Amsterdam In September 2024

As European inflation nears the central bank's target, the pan-European STOXX Europe 600 Index has reached record highs, bolstering investor confidence. Amid this favorable economic backdrop, dividend stocks on Euronext Amsterdam present compelling opportunities for income-focused investors seeking stability and growth. In selecting strong dividend stocks, it's crucial to consider companies with a consistent track record of payouts and robust financial health, especially in a market environment where inflation trends support potential interest rate cuts.

Top 5 Dividend Stocks In The Netherlands

Name	Dividend Yield	Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)	3.46%	★★★★☆☆
Aalberts (ENXTAM:AALB)	3.21%	★★★★☆☆
Randstad (ENXTAM:RAND)	5.24%	★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)	9.75%	★★★★☆☆
Signify (ENXTAM:LIGHT)	6.97%	★★★★☆☆
ING Groep (ENXTAM:INGA)	6.75%	★★★★☆☆
Acomo (ENXTAM:ACOMO)	6.53%	★★★★☆☆

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

We'll examine a selection from our screener results.

Acomo (ENXTAM:ACOMO)

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

Overview: Acomo N.V. and its subsidiaries are involved in sourcing, trading, processing, packaging, and distributing conventional and organic food ingredients for the food and beverage industry globally, with a market cap of €521.27 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 6.53% is among the top 25% in the Dutch market, but its high payout ratio (95.7%) indicates dividends are not well covered by earnings, though they are covered by cash flows (51%). The company's dividend payments have been volatile over the past decade and not reliably growing. Recent H1 2024 earnings showed stable sales (€668.2 million) but a decline in net income (€17.94 million) compared to last year, impacting dividend sustainability further.

• Dive into the specifics of Acomo here with our thorough dividend report.
• Our valuation report here indicates Acomo may be overvalued.

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 €52.11 billion.

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

Dividend Yield: 6.7%

ING Groep's dividend yield of 6.75% is in the top 25% of Dutch payers, with a current payout ratio of 69.8%, indicating dividends are covered by earnings and forecast to be sustainable in three years (50.7%). However, the company has less than a decade-long track record with volatile payments. Recent Q2 2024 results showed a decline in net income (€1.78 billion) compared to last year (€2.16 billion), potentially impacting future payouts.

• Click here and access our complete dividend analysis report to understand the dynamics of ING Groep.
• Our comprehensive valuation report raises the possibility that ING Groep is priced lower than what may be justified by its financials.

Signify (ENXTAM:LIGHT)

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

Overview: Signify N.V. offers lighting products, systems, and services globally with a market cap of approximately €2.81 billion.

Operations: Signify N.V. generates revenue from its Conventional segment, amounting to €519 million.

Dividend Yield: 7.0%

Signify's dividend yield of 6.97% is among the top 25% in the Dutch market, with a payout ratio of 80.4%, indicating coverage by earnings and cash flows (34.2%). Despite an unstable track record over eight years, recent Q2 results showed net income growth to €62 million from €41 million last year, suggesting potential for future stability. However, sales declined to €1.48 billion from €1.64 billion, highlighting ongoing challenges.

• Click to explore a detailed breakdown of our findings in Signify's dividend report.
• According our valuation report, there's an indication that Signify's share price might be on the cheaper side.

Summing It All Up

• Click here to access our complete index of 7 Top Euronext Amsterdam Dividend Stocks.
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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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