Top Dividend Stocks On Euronext Amsterdam August 2024

As the pan-European STOXX Europe 600 Index shows promising gains and hopes grow for interest rate cuts, the Dutch market remains a focal point for investors seeking stability and growth. In this favorable economic climate, dividend stocks on Euronext Amsterdam present attractive opportunities due to their potential to provide consistent income and capital appreciation. When selecting dividend stocks, it is essential to consider factors such as the company's financial health, payout ratio, and historical dividend performance. Given the current market conditions, these attributes can help identify robust investments capable of weathering economic fluctuations while delivering reliable returns.

Top 5 Dividend Stocks In The Netherlands

Name	Dividend Yield	Dividend Rating
Koninklijke Heijmans (ENXTAM:HEIJM)	3.39%	★★★★☆☆
Aalberts (ENXTAM:AALB)	3.35%	★★★★☆☆
Signify (ENXTAM:LIGHT)	7.23%	★★★★☆☆
Randstad (ENXTAM:RAND)	5.42%	★★★★☆☆
ABN AMRO Bank (ENXTAM:ABN)	9.97%	★★★★☆☆
ING Groep (ENXTAM:INGA)	7.03%	★★★★☆☆
Acomo (ENXTAM:ACOMO)	6.52%	★★★★☆☆

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.

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 €704.18 million.

Operations: Koninklijke Heijmans N.V. generates revenue of €871.03 million from its Connecting segment and €1.83 billion from Segment Adjustment.

Dividend Yield: 3.4%

Koninklijke Heijmans has shown significant earnings growth, with a 65.5% increase over the past year and a forecasted annual growth of 12.7%. Despite trading at 14.1% below fair value, its dividend yield (3.39%) is lower than the Dutch market's top tier (5.59%). The company's dividend payments have been volatile and unreliable over the past decade but are well covered by earnings (30% payout ratio) and cash flows (20.7% cash payout ratio). Recent half-year results show sales of €1.22 billion and net income of €37 million, reflecting strong financial performance despite shareholder dilution in the past year.

• Take a closer look at Koninklijke Heijmans' potential here in our dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Koninklijke Heijmans shares in the market.

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, other parts of Europe, and internationally, with a market cap of €50.49 billion.

Operations: ING Groep N.V.'s revenue segments include €4.97 billion from Retail Banking Netherlands, €4.14 billion from Retail Banking Other, €2.97 billion from Retail Banking Germany, €2.61 billion from Retail Banking Belgium, and €6.69 billion from Wholesale Banking, alongside a contribution of €334 million from the Corporate Line segment and a segment adjustment of €2.28 billion.

Dividend Yield: 7.0%

ING Groep's dividend yield of 7.03% places it among the top 25% in the Dutch market. However, its dividend history is unstable, with payments only spanning nine years and showing volatility. The current payout ratio of 69.8% indicates dividends are covered by earnings, with future coverage expected to improve (50.7%). Recent Q2 results show a decline in net income to €1.78 billion from €2.16 billion year-on-year, while an interim dividend of €0.35 per share was affirmed for H1 2024.

• Click to explore a detailed breakdown of our findings in ING Groep's dividend report.
• Our valuation report here indicates ING Groep may be undervalued.

Signify (ENXTAM:LIGHT)

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

Overview: Signify N.V. is a global provider of lighting products, systems, and services with operations in Europe, the Americas, and other international markets, and has a market cap of approximately €2.70 billion.

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

Dividend Yield: 7.2%

Signify's dividend yield of 7.23% ranks in the top 25% of Dutch market payers, supported by a cash payout ratio of 34.2%. Despite a relatively short and volatile eight-year dividend history, recent earnings growth is promising, with Q2 net income rising to €62 million from €41 million year-on-year. However, sales have declined from €1.64 billion to €1.48 billion in the same period. The company's dividends are covered by both earnings and cash flows at an 80.4% payout ratio.

• Delve into the full analysis dividend report here for a deeper understanding of Signify.
• Upon reviewing our latest valuation report, Signify's share price might be too pessimistic.

Make It Happen

• Navigate through the entire inventory of 7 Top Euronext Amsterdam Dividend Stocks here.
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Ready To Venture Into Other Investment Styles?

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• 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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